Australia Revises R&D Tax Policy, Excludes Gambling Activities

The Australian government has announced that gambling and tobacco-related activities will no longer qualify for the Research and Development (R&D) Tax Incentive, a policy aimed at fostering innovation and business growth. The exclusion, revealed in the Mid-Year Economic and Fiscal Outlook, is set to take effect from July 1, 2025, and aligns with the government’s broader efforts to […]