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Research and development tax incentives
Helping businesses reduce the cost of doing R&D
The R&D incentives regime changed in 2019. The R&D tax incentive replaced the Callaghan Innovation Growth Grant.
Contact us to find out what this means for your business.
R&D tax incentives at a glance
- 15% tax credit on eligible expenditure, effectively reducing the cost of conducting onshore R&D.
- Eligible R&D expenditure must be at least $50,000 p.a.
- Tax specific definition of R&D.
- Applies from the start of your 2019-20 income tax year.
- Transition rules apply to Callaghan Innovation Growth Grant recipients.
- Limited refundability for loss-making entities.
To get started
The R&D tax credit regime introduces new opportunities, compliance requirements and tax risks to be managed. You may be eligible if the R&D you undertake in New Zealand is systematic and seeks to resolve scientific or technological uncertainty.
Come talk to us if you are thinking about claiming an R&D tax credit.
Our experienced R&D specialist team can identify the opportunity and work with you on a plan to access this opportunity.
Our services
- Workshops and upskilling
- Documenting your R&D
- R&D tax compliance
Workshops and upskilling
Our workshops will enable your team to:
- Understand which R&D activities qualify and your return on investment.
- Document eligible expenditure.
- Identify a strategy around accessing the in-year approval regime.
Documenting your R&D
Businesses will be required to adequately record eligible R&D expenditure to qualify for the tax credit. You will need to ensure your R&D reporting systems are sufficient.
We can help you manage your compliance and minimise tax risk by:
- Recommending robust cost allocation systems for your R&D activity.
- Designing processes that accurately document your R&D workflow in real time.
R&D tax compliance
The range of annual compliance and review services we offer that help with filing a claim includes:
- Accurate and timely submission of the R&D supplementary return.
- Preparing or reviewing your R&D supplementary return and supporting documentation.
- Liaising with the Inland Revenue and keeping you up-to-date on compliance requirements.
- Defending your claim if audited or reviewed by Inland Revenue.
- Supporting your application for the in-year approval regime.
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