TIB - May 1993 appendix

This appendix to TIB Vol 4 No 10 (May 1993) sets out the Commissioner of Inland Revenue's views on the income tax treatment of computer software. It applies to expenditure incurred on or after 1 July 1993. Software expenditure incurred before 1 July 1993 was fully deductible as an expense for tax purposes; this policy does not alter that treatment.