‘R&D Incentive problematic for years’: ATO Commissioner
ATO Commissioner Chris Jordan has admitted that “structurally, there is a problem” in relation to the R&D Tax Incentive, a day after a review of its clawbacks of these funds from SMEs was revealed.
On Wednesday (28 August), the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) announced it is undertaking a review of the Tax Office’s clawbacks of funds gained under the tax break from SMEs, amid complaints of unfair treatment.
Read more at MyBusiness.
