Refinements to R&D tax incentive open for public comment
The draft refinements and accompanying explanatory memorandum to the research and development (R&D) tax incentive (in terms of Section 11D of the Income Tax Act) for potential inclusion in the 2023 Budget and draft 2023 Taxation Laws Amendment Bill (TLAB) have been released for public comment. Interested parties have 30 days in which to provide comments.