Tax Insights | June 2021 edition

AUTHORS

Jessica Olivier

National Leader, Manufacturing

June 2021 edition

The latest tax updates for you and your business

Keep up to date with the latest Australian and International tax news from our market-leading experts.

THE TAX LIBRARY

Taxation Ruling TR 2021/D4 - Income tax: royalties - character of receipts in respect of software

By Liam Delahunty & Danielle Sherwin

The ATO has released an initial draft, for comment, of its updated guidance on the classification of royalties in relation to software, in TR 2021/D4.

This has been long-awaited given the last version of this guidance is in TR 93/12, which has now been withdrawn effective from 1 July 2021.

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R&D Tax Incentive: EOFY Summary

By Peter Xi, Richard Wraith & Aaron Ng

We have seen a number of developments to the Research and Development Tax Incentive (R&DTI) during the 2021 income year.

This includes an increase in the net R&D tax benefit for some claimants, updates to AusIndustry guidance and a number of Administrative Appeals Tribunal (AAT) and Federal Court decisions.

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Boost your tech business’s cash flow with government incentives

By Jessica Olivier

How can you boost your tech business’s cash flow with government incentives?

When you launch a startup, it’s natural to think being cash strapped comes with a territory. After all, you’ve likely seen plenty of movies and heard stories about the endless struggles of entrepreneurs who endure years of hard work before making a single penny.

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