Research & development tax credits

Undertaking R&D in New Zealand can now lead to businesses receiving funding via a 15% tax credit on relevant expenditure.

The tax credit is available for expenditure incurred from the start of the 2019/20 income year (for most taxpayers this will be 1 April 2019).

Baker Tilly Staples Rodway is uniquely placed to help businesses with the regime.  Accessing the credit is more straight forward than many people think.  Undertaking an activity for a material purpose of creating new knowledge or an improved processes, good or service could very well qualify.

Designing a new product or even improving an existing one is a good example of qualifying expenditure. Being able to illustrate the use of a systematic approach to resolve scientific or technological uncertainty will be critical to a successful claim.

How We Can Help

Baker Tilly Staples Rodway have the expertise to assist in a number of ways, including:

  • identifying expenditure that qualifies for the R&D credit
  • ensuring that internal processes capture the necessary information required to make a claim
  • completing or reviewing documentation prior to submission with Inland Revenue
  • education of staff in respect of the regime.

 

Contact your usual Baker Tilly Staples Rodway advisor or Andrew Dickeson (National R&D Director).

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