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This is not surprising given the important role the RDTI plays in fostering Australian-based innovation, research and development. To assist, the ATO has released further clarification and guidance on R&D Tax integrity rules. Attention is given to recurring issues the regulators have identified with RDTI claims including:
The ATO also announced it will begin publishing an annual transparency report on the RDTI program starting from September 2024. This will include the name of R&D entity, the R&D expenditure claimed (total notional deductions) and ABN/CAN. The first publication will apply to R&D claims made for the year ended 30 June 2022. For more detailed information, you can visit the ATO’s website.
Get in touch with Grant Thornton’s team of R&D Tax specialists to understand the integrity provisions or how these changes may impact your business.
With the 30 April 2026 registration deadline approaching, companies that performed R&D activities in the year ended 30 June 2025 should be reviewing eligibility, documentation and governance now to preserve their entitlement under the RDTI.
R&D Tax Transparency insights driving innovation in Australia’s agribusiness and food sector.
The Australian Government has released exposure draft legislation proposing to exclude certain tobacco, vaping and gambling-related activities from the Research and Development Tax Incentive (RDTI). The intent is to ensure public funding does not support innovation that promotes harmful consumption behaviours, while maintaining eligibility for genuine harm-minimisation initiatives.
