ENSURING THAT YOU RECEIVE YOUR R&D CREDIT

When you register for the R&D loss tax credit, the following company information is necessary:

  • full trading name
  • NZBN number
  • legal name
  • physical address
  • postal address (only if different from physical address)
  • website address, and
  • business phone number.

You’ll also be required to supply:

  • contact name
  • position in the company
  • company mobile phone number, and
  • email address.

WHO IS ELIGIBLE TO CLAIM THE RESEARCH AND DEVELOPMENT TAX INCENTIVE?

The aim of the R&D loss tax credit is to allow start-up companies (with an R&D focus) to refund tax losses caused by qualifying R&D expenditure. The criteria which need to be met in order to qualify, include the following activities:

  • The design and development of new products
  • Changes to work-flows and processes
  • The design and installation of new software and computer systems
  • Development of products which have not yet gone into production
  • Improvements to existing products

 

ACTIVITY SUBSTANTIATION CHECKLIST FOR CORE R&D ACTIVITIES