Research and Development Tax Credits – Are we any better off?

Does your business use a structured and systematic approach to acquire new knowledge or create new or improved goods, services or processes? 

If so, you may be able to reduce your tax bill by 15% of your eligible spend or obtain a cash refund from 1 April 2019. Last Friday the Government announced the outline of the new R&D tax incentive, which aims to unlock further spending on R&D in NZ.

Is this the new, more practical, lean and easy-to-use application process we need to ensure tax credits for R&D activity will really work in this country?

Our Senior tax advisor, Bridget Riley reviews what is new and better under this new R&D tax credit scheme.

Read the full article here

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Bridget Riley

Senior Advisor - Tax

E: bridget.riley@ah.co.nz

P: +64 9 984 4222

M: +64 21 221 6523

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