Research and Development
March 14, 2019
The New Zealand Government last year indicated its intention to implement a research and development (R&D) tax credit from the 2020 income year (from 1 April 2019 for March balance dates); a measure designed to support creating a productive, sustainable and inclusive economy. The tax credit is good news for businesses who are investing in R&D activities. Draft legislation was introduced in December last year, giving us the first look at the proposed new rules.