Government incentive to encourage buyers at PacPrint

PacPrint will be one of the final opportunities for graphic arts professionals to take advantage of the incentive, which was introduced to encourage capital investment by Australian business in these challenging financial times, according to organisers.

The allowance will be provided in the form of an additional tax deduction, equivalent to 10 per cent of the cost of an eligible asset, which includes most new plant and equipment over $10,000 which is acquired or ordered by the end of this current financial year and installed ready for use by June 30, 2010.

Alastair Hadley, Chairman of PacPrint 09, says the additional incentive gives business owners another compelling reason to attend the show.

He says, “PacPrint will be one of the last, and best, opportunities for businesses in the graphic arts to make investment decisions and place orders which will attract the Temporary Investment Allowance.”

Hadley continues, “For anyone thinking of investing in the short to medium term, this new incentive provides real motivation to come to PacPrint well prepared for targeted research and armed for negotiation.”

The upcoming PacPrint is the most important opportunity decision makers will have, in the next five years, according to Hadley.

He says, “In this current economic climate, exhibitors will be eager to make sales and savvy buyers will be keen to take advantage of what amounts to an additional 10 per cent discount, simply by making their purchasing decisions before June 30.”

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