PUBLISHED: 27 MAY 2021
New A$206m patent box to boost biotech and medtech innovation
The Australian Government’s A$206 million patent box scheme will reduce taxes on income from innovative research. Its aim is to encourage businesses to undertake their R&D in Australia, keep patents here and manufacture patented technologies onshore. Find out more
Investment incentives to grow investment in digital technologies
The Australian Government is delivering tax incentives for businesses to stimulate investment in digital technologies to enhance their productivity and create jobs. Find out more
Game on with new tax rebate for developers
The Australian Government is introducing a 30% tax offset for local and international businesses that develop digital games in Australia. The Digital Games Tax Offset is Australia’s first-ever federal tax incentive for video game development, incentivising international developers to set up a games studio in Australia. Find out more