Government backflips on RDTI cuts with a $2 billion boost
By Ann Wen · 7 October 2020 · Australian Budget 2020
By Ann Wen · 7 October 2020 · Australian Budget 2020
The Government has made a stunning U-turn on RDTI cuts, but what does this mean for the future of Australian research and development? Find out how this shift will impact businesses and industries across the country.
Last night, the Government announced a $2 billion investment into Research & Development Tax Incentives (RDTIs), scrapping a previously proposed $1.8 billion cut and a $4 million tax refund cap. The changes will apply from 1 July 2021 and will support more than 11,400 companies that claim the RDTI. In addition to the $2 billion […]