In a survey conducted in Australia in 2023 amongst the leading Australian-headquartered fintech companies, 64 percent of the companies reported claiming the R&D, or research and development, tax incentive. The R&D tax incentive encourages businesses to conduct research and development activities, with the intention of increasing productivity, maximizing competitiveness, and promoting innovation.
Share of fintech firms claiming the research and development tax incentive in Australia in 2023
Survey question: "Do you currently claim R&D tax incentive?"
The source does not provide the exact respondent number; however, over 70 leading Australian headquartered fintech firms were surveyed in previous surveys.
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KPMG. (November 6, 2023). Share of fintech firms claiming the research and development tax incentive in Australia in 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/
KPMG. "Share of fintech firms claiming the research and development tax incentive in Australia in 2023." Chart. November 6, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/
KPMG. (2023). Share of fintech firms claiming the research and development tax incentive in Australia in 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/
KPMG. "Share of Fintech Firms Claiming The Research and Development Tax Incentive in Australia in 2023." Statista, Statista Inc., 6 Nov 2023, https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/
KPMG, Share of fintech firms claiming the research and development tax incentive in Australia in 2023 Statista, https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/ (last visited November 22, 2024)
Share of fintech firms claiming the research and development tax incentive in Australia in 2023 [Graph], KPMG, November 6, 2023. [Online]. Available: https://www.statista.com/statistics/1327381/australia-share-of-fintech-firms-claiming-r-and-d-tax-incentive/
