28 February 2017
We have recently heard concerns from members of the sector around Tax Payer Alert claiming the R&D Tax Incentive for Software Development activities distributed last week stating that testing activities weren’t eligible R&D. We would like to reassure you that there was a syntax error with the alert and that it was reissued on Friday 24 February.
The updated communications, consistent with guidance available on business.gov.au, clarified that there were no changes to the law, that testing is not core R&D because it doesn’t involve experimentation, but it could be supporting R&D, and therefore, may in fact be eligible.
MTPConnect is always here to help in cases like this, and we encourage you to be in touch if you have concerns regarding issues that might affect you or the sector.