Legislation is expected to be introduced in September, and we expect the amendment to have effect from the 2011-12 income year.
This change means that our tax rules will not actively discourage software development.
KPMG will provide further clarity when the final form of the changes is known.
If you have any questions on the above, please speak to your usual KPMG advisor or contact:
Partner - Tax
Phone: +64 4 816 4755 firstname.lastname@example.org