{"id":624,"date":"2018-05-21T07:28:13","date_gmt":"2018-05-20T21:28:13","guid":{"rendered":"https:\/\/mnygroup.wpengine.com\/?p=624"},"modified":"2025-02-01T15:50:02","modified_gmt":"2025-02-01T04:50:02","slug":"better-targeting-the-rd-tax-incentive","status":"publish","type":"post","link":"https:\/\/mnygroup.com.au\/en\/better-targeting-the-rd-tax-incentive\/","title":{"rendered":"Better Targeting The R&amp;D Tax Incentive"},"content":{"rendered":"<p>For companies with an <em>aggregated annual turnover of $20\u00a0million or more, <\/em>the Government will introduce an R&amp;D\u00a0a premium that ties the rates of the non-refundable R&amp;D tax\u00a0<span class=\"text_exposed_show\">offset to the incremental intensity of R&amp;D expenditure as\u00a0a proportion of total expenditure for the year.\u00a0<\/span><\/p>\n<p><span class=\"text_exposed_show\">The maximum amount of R&amp;D expenditure eligible for\u00a0concessional R&amp;D tax offsets will be <strong>increased from $100\u00a0million to $150 million per annum.<\/strong><\/span><\/p>\n<div class=\"text_exposed_show\">\n<p>For companies with an aggregated annual turnover <em>below $20\u00a0million,<\/em> the refundable R&amp;D offset will be <strong>a premium of 13.5\u00a0percentage points above a claimant\u2019s company tax rate.\u00a0<\/strong><\/p>\n<p><em>Cash refunds<\/em> from the refundable R&amp;D tax offset will be capped at <strong>$4 million per annum.<\/strong><\/p>\n<p>R&amp;D tax offsets that <em>cannot be refunded<\/em> will be <strong>carried forward as non-refundable tax offsets<\/strong> to future income years.<\/p>\n<p>The changes will apply for income years starting on or after 1 July 2018.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1690],"tags":[],"class_list":["post-624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxation-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/comments?post=624"}],"version-history":[{"count":0,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media\/625"}],"wp:attachment":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media?parent=624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/categories?post=624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/tags?post=624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}