Filing date change for RDTI general approval applications. Read more
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R&D Tax Incentive

In today’s challenging economy, investment in research and development (R&D) is vital. R&D creates new knowledge, high value products, innovative processes and services, and skilled jobs for more New Zealanders.

The R&D Tax Incentive (RDTI) helps make R&D possible. It allows qualifying businesses to claim a 15% tax credit on their eligible research and development (R&D) costs, reducing the income tax they need to pay. Loss-making businesses can apply to have this tax credit refunded or carried forward.

There are ways for businesses to access the RDTI even if their R&D investment is small (less than $50,000 pa), or even if the outcomes of their R&D are not successful.

Latest RDTI Updates

Filing date change for RDTI applications

If you are filing a general approval application relating to the R&D Tax Incentive (RDTI) for the 2020/2021 income tax year, you can now have more time to apply.

Learn more

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What is R&D and do I qualify?

R&D is about discovering the unknown. It seeks to resolve scientific or technological uncertainty and, in doing so, it can give your business a competitive edge.

To qualify for the RDTI, your R&D must occur in New Zealand and follow a systematic approach. It needs to address a question that a competent professional with access to worldwide, publicly available information can’t answer.

If now is the time to reset or revitalise your R&D programme, you’ve come to the right place.

What are the steps to apply?

Enrol through myIR
Complete self assessment
Gain approval for your R&D
Claim your tax credit

F&P Healthcare

“The Growth Grant has been helpful to us, but the R&D tax credit is going to be better again due to the sheer amount of R&D we do.”
Andrew Somervell, Products and Technology VP, F&P Healthcare

Beca

“Beca gets immense value from the support we receive from Callaghan Innovation – it makes good business sense for us to move to the R&D Tax Incentive Scheme.”
Mark Fleming, CFO, Beca

Volpara Health

“More companies in New Zealand doing R&D will now be able to receive a benefit and that's good for NZ Inc.”
Craig Hadfield, CFO, Volpara Health

RDTI How-to Guides

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