Stakeholder: Board of Taxation
The Board of Taxation is undertaking a review of the dual-agency administration model for the R&D Tax Incentive (R&DTI).
The R&DTI is jointly administered by the Australian Taxation Office (ATO) and Industry Innovation and Science Australia (IISA) and the Department of Industry, Science, Energy and Resources (DISER), with the ATO being responsible for the administration and processing of R&D tax offset claims, and IISA responsible for registering companies’ R&D activities.
The Board has been asked to evaluate the R&DTI dual agency administration model, with a view to identifying opportunities to reduce duplication between the two administrators, simplify administrative processes, or otherwise reduce the compliance costs for applicants.
The Board may make recommendations to modify the R&DTI’s administrative model or to streamline existing administrative functions or processes. If the Board finds that taxpayers experience difficulty in understanding the different roles and responsibilities of the two administrators, the Board should consider whether education programs or communications would assist. Changes to the R&DTI’s broader policy settings, such as eligibility requirements or rates of support, are outside of the scope of this review.
The Board will host roundtable discussions over the course of the coming months in which The Tax Institute will be participating.
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