The ESIC tax incentive scheme is designed to encourage...

The ESIC tax incentive scheme is designed to encourage investment into 'early-stage' companies by offering two benefits summarised as follows:

• Eligible investors are entitled to an upfront 20 percent non-refundable tax offset (capped at $200,000 per investor per year)

• A capital gains tax exemption for qualifying investments held at least 12 months (and less than 10 years)

EMvision is pleased to confirm that it has sought and obtained a private ruling from the ATO to confirm that it is an ESIC under the scheme. The ruling applies to period from 11 July 2017 to 30 June 2018 covering the seed and pre-IPO rounds completed.