News & Insights
Subscribe to join our R&D community and stay up to date!
SCROLL
Filing date change for RDTI general approval 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 – until the 7th day of the fifth month after the end of the first income year.
The change is for a situation where you could not apply on time because the COVID-19 outbreak and its effects disrupted any of the following:
- Planning or doing eligible research and development.
- Appropriately obtaining necessary information.
- Getting advice.
The change is effective from 1 September 2020 to 30 September 2021.
Return due dates
Please note that this extension does not apply to your income tax and supplementary return due dates.
To talk about the options if you need more time to file your income tax and supplementary return, email the r&dtiteam@ird.govt.nz.
New RDTI Webinar released
IR has released a how-to webinar to assist people completing the R&D supplementary return.
Link to IR WebinarBroader RDTI Refundability Rules Announced
The Government has passed changes to the R&D Tax Incentive (RDTI) rules under urgency to provide extra cash support to R&D-performing businesses, to help support them through the disruption caused by COVID-19. A new RDTI refundability fact sheet is now available.
Read MoreNew R&D Tax Incentive online hub launched
The new R&D Tax Incentive (RDTI) Hub website provides RDTI updates, easy-to-follow RDTI “How-To” Guides, inspiring R&D stories and news.
View Video HereR&D Tax Incentive set to boost business R&D spend in New Zealand
The R&D Tax Incentive (RDTI) is the Government’s billion-dollar flagship programme to encourage more businesses to invest in R&D. Why is R&D investment so important for New Zealand’s economy? How does the RDTI benefit businesses that are doing R&D? Megan Woods (Minister of Research, Science and Innovation) and Revenue Minister Stuart Nash outline the rationale behind the RDTI initiative. They also discuss their plans to introduce a comprehensive form of refundable tax credits in 2020/2021 to benefit more startups and loss-making businesses.
Read MoreRisk versus Reward: the business case for investing in R&D
New Zealand businesses are not investing as much time and resource in research and development (R&D) as other countries. Why? The reason seems to be that many Kiwi companies fear the risk of undertaking R&D. Callaghan Innovation’s CEO Vic Crone outlines the significant long-term benefits of R&D investment and why it’s time more New Zealand businesses re-evaluate their commitment to R&D spending.
Read MoreR&D Tax Incentive: Enrol now
If you’re doing R&D activities and plan to claim the RDTI, you’ll need to enrol before you can submit a supplementary return at the end of the tax year. Enrolment through your myIR account takes about 10-20 minutes. Here’s why enrolment is the important first step in your RDTI application process.
Read MoreIntroducing the R&D Tax Incentive
Hear CEOs from Biotelliga, 1Centre, Methven and Fraser Engineering talk about the importance of R&D and its contribution to their ongoing business growth. The RDTI aims to help R&D-focussed businesses commit more time and resource to their R&D endeavours.
Read More
