R&D funding

R&D Tax Incentive

open this image in new window: R&D Tax Incentive (RDTI)

The R&D Tax Incentive (RDTI) helps a wide range of businesses to undertake more R&D, which in turn grows New Zealand’s knowledge economy.

The RDTI is a 15% tax credit on the money you invest in eligible research and development (R&D) in New Zealand.

There are criteria and processes to determine whether the R&D you do is eligible.

The 2019/2020 tax year sees the implementation of the first phase, with a more comprehensive system in place for 2020/2021.

Visit our R&D Tax Incentive hub at www.rdti.govt.nz for information about:

Subscribe to join our R&D community for updates on RDTI developments and R&D news.

Planned RDTI developments in 2020/2021 include:

The Government has introduced legislation to put in place a more developed refundability process in the 2020/2021 tax year. If enacted, this will enable more loss-making and pre-profit businesses to access refundable R&D tax credits in cash, instead of using them to reduce their income tax payable. Further information can be found “Can tax credits be refunded?” in the RDTI hub FAQs.

 

Updated: 24 February 2020