Government’s 30% digital games tax offset a game changer for industry
The Morrison Government today, 6 May 2021, has announced a 30% tax offset for video game development.
The announcement comes as part of this year’s Federal Budget, aiming to invest in Australia’s digital economy.
The 30% refundable tax offset will be eligible for businesses that spend a minimum of $500,000 on qualifying Australian games expenditure. The Government will consult with the industry mid-2021 to define the criteria of expenditure.
