OrbitaxAustralia Budget 2018-19 Delivered Including Individual and Corporate tax Rate changes and Changes to the R&D Incentive
|Proposed Changes|Australia
On 8 May 2018, Australian Treasurer Scott Morrison delivered the country's Budget 2018-19. Main tax-related measures of the Budget are summarized as follows.
Integrity of the Research and Development Tax Incentive
One of the main aspects of the budget are measures to improve the integrity of the Research and Development (R&D) Tax Incentive, including:
- The introduction of an annual R&…
