Make a payment

Research and development (R&D) Tax Incentive

The R&D Tax Incentive aims to increase the amount of R&D performed in New Zealand.

The R&D Tax Incentive operates as a tax credit and for clarity that is how we'll refer to it.

The key features of the R&D tax credit include a:

  • 15% tax credit available from the beginning of a business' 2020 tax year
  • minimum R&D expenditure threshold of $50,000 per year
  • $120 million cap on eligible expenditure
  • definition of R&D intended to ensure accessibility across all sectors
  • limited form of refunds in the first year. This will allow some firms with a tax loss to receive a refund of the tax credit.

Where to find more information

You can find the details of the R&D Tax Incentive: