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Tag: R & D Tax Credit
While it seems like an eternity since it was first announced, the new R&D Tax Credit has finally been passed. So what does that mean for the average company plugging away at research and development? The R&D Tax Credit is the key support tool used by the government to assist businesses undertaking R&D in Australia. The new program will apply retrospectively from 1 July 2011 and replaces the R&D Tax Concession.