Qld company fined $4.25m for encouraging clients to exploit the R&D tax offset scheme

Summary

A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]

Tags: ATO, exploitation, Federal Court, Fraud, R&D, R&D Tax Incentive, Research and Development, Tax Commissioner