Australian Family Businesses to Receive Tax Relief for Going Digital

Small business owner Sal Quattroville with Pasta maker Vinicio Rinaldi in Sydney, Australia, on Oct. 31, 2017. Brook Mitchell/Getty Images

Small businesses, which are the heart of the Australian economy and local communities, employing nearly eight million Australians, will be able to save nearly $1.6 billion (US$1.2 billion) on their tax bills for going digital and training workers in the latest federal budget.

The tax break consists of two parts, the first being a $1 billion technology investment boost, which reduces the cost of going digital, supporting businesses to invest more in their digital capability.