This article was published on 19 April 2018
R&D Tax Incentive proposal.
Update 3 October 2018: The Government announced the final design of the R&D tax incentive following extensive consultation with the innovation sector and businesses throughout the country. Read more…
The Government has announced its intention to introduce an R&D Tax Incentive by 2019. The Government is introducing an R&D Tax Incentive to help more businesses to undertake a greater amount of R&D.
The Ministry of Business, Innovation and Employment (MBIE), the Treasury, Inland Revenue and Callaghan Innovation have designed an R&D Tax Incentive proposal and are seeking your input into the design process. We’ve developed a discussion document outlining the main features of our proposal and would like you to submit feedback on it. Your views will help us to develop policy options for the final design of the R&D Tax Incentive.
R&D Growth Grants will be phased out with the introduction of the R&D Tax Incentive. We are undertaking additional consultation with current Growth Grant customers to ensure they have a smooth transition onto the R&D Tax Incentive. If you are a Growth Grant customer, you will receive communication from us on what the transition plan entails. All other Callaghan Innovation Grants and services will remain in place.
Submissions closed at 5pm on Friday, 1 June 2018.
For more details visit the MBIE website.