The government has introduced a Research and Development (“R&D”) Tax Incentive, to support and further promote R&D in NZ businesses.
The R&D Bill has passed its first reading in Parliament and we expect legislation to be enacted in May/June this year, allowing businesses to access, and make the most of the incentive from the start of the current tax year (typically 1 April 2019).
The incentive is a great opportunity for businesses to access support for R&D – It’s expected that over 2000 New Zealand businesses will be eligible to claim the incentive.
KPMG invite you to join one of their sessions where R&D experts will present – alongside officials from Inland Revenue, and Callaghan Innovation – on the R&D Tax Incentive, providing insight into how the incentive will provide broader access to R&D funding for New Zealand businesses.
The seminar will also cover what is, and what isn’t R&D, and how to start planning early to be ready to make a claim for this year’s R&D activities.
As well as KPMG, officials from Inland Revenue and Callaghan Innovation will be on hand to answer any of your questions on the new incentive in the Q&A section of the seminar.