Research and Development (“R&D”) tax incentive legislation was brought into law on 2 May 2019.
The purpose behind the regime is to encourage activities designed to create new knowledge or new or improved processes, services or goods.
The new incentives brought in by this legislation are applicable from the start of your 2019/20 tax year
So, what is in it for you?
A 15% tax credit on eligible expenditure, on top of your tax deduction!
However, Governments do not give away money for nothing. There are strict eligibility criteria and compliance obligations.
We have a team compromising NZ tax experts, Australian R&D tax specialists, and Inland Revenue Policy Officials to explain:
- The purpose of the new regime
- How it interacts with Callaghan Grants
- What the experience has been in Australia (the development of the New Zealand regime has been heavily influenced by this)
- What you will need to do if you want to take advantage of the regime.
Who should attend?
Financial accountants, Finance Managers, Project Managers, Business Analysts, Business Owners, Lawyers and other professional advisers within your organisation. The session is worth 1.5 CPD hours. You are welcome to bring relevant colleagues.