We’ll publish our first annual Report of data about Research and Development tax incentive entities in late September 2024. It will contain specific data about R&D entities that claimed the incentive for the 2021–22 income year. By providing transparency of how much R&D entities are reporting in R&D expenditure, the aim of the report is to improve public accountability and voluntary compliance.
What the report will look like
The report lists companies in various industries taking up the opportunity provided by the R&D Tax Incentive (R&D TI) to develop new knowledge. It will have 2 components: the data published on data.gov.auExternal Link, and an analysis of the data to be published on our website. We’ve completed a thorough data assurance process to ensure the accuracy of the data that is included in the report.
Our updated website R&D tax incentive transparency reports has detailed information on:
- the purpose of the report
- what data is and isn’t included
- our data assurance process
- our data sources.
Our communication approach
Over the last year, we’ve sent several emails to the R&D entities that will have their data published in this first report, and their tax agents, to inform them and give them an opportunity to lodge an amendment if they needed to correct their R&D TI claim.
We’ve also been issuing wider communications about this new report, through our normal channels.
We’re now updating our R&D TI forms and calculator so future claimants know their data will be reported.
More information
We recommend reviewing R&D tax incentive transparency reports for more details, including what to do if you have questions after we publish the report.
Keep up to date
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