For businesses today, maintaining market share and driving strategic growth requires continual innovation and research to develop the products of the future. Sustainable businesses need to maintain a robust research and development (R&D) capacity, and develop effective strategies to deal with the issues that will arise when the R&D tax credit becomes available.
R&D tax credit
Introducing tax credits for R&D expenditure is the next step in the New Zealand Government’s programme of ‘economic transformation’. Businesses operating in New Zealand (including the tax exempt and those in a tax loss position) conducting R&D here will be eligible for a tax credit of 15% of eligible expenditure from the 2008/2009 income year.
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How PwC can help you
We provide assistance to businesses relating to tax credits and R&D planning and management issues across all industry sectors, from start-up businesses to large multinationals.
Our R&D tax specialists will assist your business to identify eligible R&D activities and associated expenditure. We will then assist you with systems setup and the necessary documentation.
