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Clutching at straws perhaps?Budget 2021: $206.4 million 'patent...

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mithrams

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12/05/21

09:27

Post #: 53112145
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Originally posted by Plext: ↑

This looks interesting as we move through our patent processes regarding Hydrogen and new energy products...

But the most interesting part of the tech segment speech was the launching of what Frydenberg called the ‘patent box’.
The patent box is a tax incentive scheme designed to encourage the commercialisation of products that are invented and developed here.
Under the scheme, new patents that have been developed in Australia will be taxed at a concessional 17 per cent rate, almost half the rate that currently applies to large companies.
The incentive will first apply to the medical and biotech sector, but may eventually be expanded to the energy sector too.

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Clutching at straws perhaps?

Budget 2021: $206.4 million 'patent box' scheme to encourage medtech and biotech investment. The federal government has pledged $206.4 million for a so-called 'patent box' tax incentive scheme, designed to encourage investment in medical and biotech innovation. ... It is only available for patents that have been granted.

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