The Australian Taxation Office (ATO) has issued draft Taxation Determination (TD) 2020/D1 regarding notional deductions for R&D activities where wage expenditure has been subsidized under the JobKeeper Payment scheme that was introduced to support businesses affected by COVID-19.
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Draft Taxation Determination TD 2020/D1
We've published draft Taxation Determination TD 2020/D1 Income tax: notional deductions for research and development activities subsidised by JobKeeper payments.
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