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Prime Minister Scott Morrison. Source: AAP/Lukas Coch. Small businesses are set to benefit from a $1.2 billion boost to the government’s digital economy strategy that will include changes to the tax treatment of intangible assets, access to digital technology advice and funding to accelerate the take up of e-invoicing. Prime Minister Scott Morrison today announced the increase in spending ahead of the May 11 budget, saying digital transformation in Australia “needs to happen”. “We must keep our foot on the digital accelerator to secure our economic recovery from COVID-19,” he said. Changes to intangible assets tax write-offs As part of the $1.2 billion injection into the national digital economy strategy, $170 million will be allocated to overhaul the tax treatment of intangible assets.

Scott morrisonIan yipLukas cochNational artificial intelligence centreMy health recordPrime minister scottMinister scott morrisonஸ்காட் மோரிசன்ஈயந் இப்லுகாஸ் கோச்என் ஆரோக்கியம் பதிவுப்ரைம் அமைச்சர் ஸ்காட்அமைச்சர் ஸ்காட் மோரிசன்