The Australian Taxation Office (ATO) continues its commitment to tax transparency and encouraging voluntary compliance by beginning to publishing data on R&D Tax Incentive claim outcomes.
Contents

The first round of data to be released this coming September (2024) will relate to the 2021-22 year. This initiative stems from the R&D reforms brought into effect from 1 July 2021.

The publication will detail the R&D entity's name, ABN, and the amount of R&D expenditure claimed (less any feedstock adjustments). A transparency report will accompany this data, offering insights into the figures released.

Reach out to Grant Thornton's Innovation Incentives specialists for expert advice and support.

Learn more about how our Innovation Incentives services can help you
Learn more about how our Innovation Incentives services can help you
Visit our Innovation Incentives page