Working with Analytica to Reduce the Cost of your R&D
From 1 April 2019 a new ‘Research and Development Tax Incentive’ scheme has come into effect in New Zealand. Analytica is an Approved Research Provider under this scheme. This means that you may be able to claim a 15% credit from the IRD for services we provide to you, if they are part of R&D projects you are undertaking.
An overview of the R&D Tax Incentive Scheme is available at this website: MBIE Research and Development Tax Incentive
Most NZ Businesses May Be Eligible For The Tax Credits
There are some specific criteria which need to be met for you to qualify for the credit. It’s important that you talk with us about your project in advance, so we can do our best to help make sure that the investment you make with us will be eligible for the scheme. The following link will take you to an IRD web page that talks about who is eligible to apply for the tax credits: Eligible entity criteria, and core R&D activity and fixed establishment in New Zealand
Ask Your Accountant Or Tax Adviser For Help
As the scheme is a tax credit, you should talk with your accountant or tax adviser about how best to apply for it. Unfortunately Analytica is not a tax adviser, so we can’t provide you with this specific information.
There is a lot of good information on the IRD website: Research and Development Tax Incentive guidance
Planning An R&D Project With Analytica
If you want to talk more with us about carrying out an R&D project that will qualify for the R&D Tax Incentive, please get in contact. Click here to get in touch, or email email@example.com