The Australian Government has introduced legislation to set up the Digital Games Tax Offset (DGTO) over the coming months.
The 30% refundable tax offset will be available to eligible games developers that spend a minimum of A$500,000 on qualifying Australian development expenditure effective from 1 July 2022.
‘We’re committed to incentivising the industry’s growth here in Australia,’ says Minister for the Arts Tony Burke. ‘This Offset will enable us to continue building a strong games and interactive entertainment sector.’
‘For Tantalus and for Keywords Australia, the DGTO will turbocharge our growth and expansion,’ says Tantalus CEO Tom Crago. ‘That means more jobs and more video games developed in Australia, for the global market. Australia has an opportunity to be one of the world’s great hubs for game development. We’re ready to play.’
