“Locally owned business AgriHealth helps local vets help NZ farmers improve herd health and productivity. A key reason AgriHealth has become NZ's leading farm animal health company is investment into R&D. Each year AgriHealth invests millions of dollars into farm animal medicine innovations; including cattle vaccines, mastitis treatments, pain relief, and lifting pregnancy rates.
AgriHealth participates in NZ's tax incentive scheme (RDTI) that provides a 15% tax credit on funds invested into Research and Development. Research projects are often more challenging and costly than anticipated, so receiving tax credits is valuable!
Local businesses can file RDTI returns annually, once a project is approved by the IRD. There are some on-line forms to complete, but it's worth it if your business is investing in local R&D.
Refer ird.govt.nz/research-and-development/tax-incentive for more details.” - Ed Catherwood, Managing Director