Amended SA tax laws will incentivise local R&D

According to Engineering News, Department of Science and Technology (DST) chief director for science and technology investment Godfrey Mashamba said government aimed to encourage small and large business enterprises to undertake more R&D projects, in the knowledge that their efforts are being supported by effective tax incentives. "R&D tax incentives are critical for companies to include in their budget allocations and to prioritise in the planning stages of projects," Mashamba said.

For more:

• Engineering News: Tax laws to be amended in bid to stimulate R&D.