This year, the ATO and AusIndustry will publish R&D Tax claim details to enhance the transparency and accountability of the program.

In the forthcoming year, participants in the Research and Development Tax Incentive (R&D TI) should brace for heightened scrutiny, courtesy of new measures introduced by the Australian Taxation Office (ATO) and AusIndustry. Commencing September 2024, the ATO will unveil an annual transparency report, ushering in a significant stride toward the disclosure of key data related to the R&D TI program.