Small business tax incentives for digital adoption
Small businesses can receive a bonus 20% deduction on eligible expenditure supporting digital adoption. Eligible expenditure includes:
- digital enabling items, such as hardware, software, systems and services that form and facilitate the use of computer networks.
- digital media and marketing.
- e-commerce.
The tax incentives apply to expenditure incurred from 29 March 2022 until 30 June 2023 and the bonus deduction is capped at $20,000 per year. This additional deduction applies to businesses with annual turnover less than $50 million.
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