We’re publishing our next Research and development tax incentive transparency report in September for R&D claims made for the 2023–24 financial year. The report also includes any outstanding or amended 2022–23 and 2021–22 claims not published in the previous year’s report, for income years beginning on or after 1 July 2021.
By providing transparency about how much R&D entities are reporting in R&D expenditure, the report aims to improve public accountability and voluntary compliance.
Recently we sent correspondence to all registered tax agents with clients in the report.
What the report will look like
As in previous years, the report will comprise 2 parts: the report of data published on data.gov.au and an analysis of the data published on our website. We’ll publish the following data from tax returns and R&DTI applications:
- the name of the company claiming the R&D tax incentive
- the company’s Australian business number (ABN) or Australian company number (ACN)
- the total amount the company claimed on R&D.
If this year is the first time you’ll have a client in the R&DTI transparency report, we recommend familiarising yourself with the detailed information on Research and development tax incentive transparency reports.
How to support your R&D clients
- Let all your clients who are in the 2023–24 report know their data will be included.
- Be open to their questions. We’re advising businesses to contact their tax agent to confirm if they’re included, so you may have clients contact you.
- Direct them to our detailed web information and last year’s report.