Australia Adopting 30% Tax Offset For Video Game Developers

The Australian federal government recently unveiled a 30% tax offset for digital video game developers ($15.5 million for each developer per year). The move, known as the country’s Digital Economy Strategy, was announced at the beginning of May.

“This is a very welcomed day for Australian-made video games,” said the CEO of Australia’s Interactive Games & Entertainment Association, Ron Curry, in a statement. “We congratulate the Prime Minister, Minister Hume, and the Minister for the Arts the Hon. Paul Fletcher MP, for recognizing not only that video games have an important place alongside TV and film in Australian screen production and storytelling, but also their unparalleled potential for supercharging Australia’s exports, attracting vast inward investment, and up-skilling a whole new generation of Australian digital workers.”

The Australian federal government recently began several initiatives and made investments into content aimed at kids. This includes $9.2M for the Australian Children’s Television Foundation (ACTF) and maintaining a 40% offset for movie productions.

(All information was provided by IGN and Cartoon Brew)

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