Posted by Michael Wonder on 10 Feb 2022
Patent box legislation to promote Australian innovation
11 February 2022 - Medicines Australia notes the introduction of patent box legislation, Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022, in the Australian Parliament yesterday.
In the 2021-22 Budget, the Government announced that it would introduce a patent box regime for eligible corporate income associated with patented inventions in the medical and biotechnology sectors.
