PikPok says video game rebate cap needs to be lifted
The rebate allows gaming studios to recoup 20 cents for every dollar they spend on developing a new title and is capped at $3m.
A screenshot from the latest intallement in PikPok’s ‘Into the Dead’ series.
Local video game studio PikPok has suggested the maximum allowable amount firms can claim in rebates needs to be increased, otherwise leading local firms may look to shift their talent offshore.
The previous Labour Government unveiled a 20% tax rebate for video game developers in the 2023 Budget,
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