This should be good news for the IT industry as a whole.......could see the entire sector benefit....IMO
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Software tax breaks in $1.2b digital strategyPhillip CooreyPolitical editorMay 5, 2021 – 10.30pmBusiness will be allowed to depreciate software, patents, designs, copyrights and other so-called intangible assets more quickly, as part of a $1.2 billion expansion of the government’s digital economy strategy to be incorporated in the May 11 budget.
The strategy, to be unveiled on Thursday by Scott Morrison, will also contain tax incentives to promote the development of a stronger gaming industry, funding to help small and medium businesses digitise their processes, and $500 million to give consumers greater access to their health and
nuix for life .. hold, page-55
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