Research and Development - Could you be eligible for a tax credit of 15% on eligible expenditure?

You may have heard talk of tax incentives for research and development activities.

To be eligible for the tax credit you generally need to spend at least $50,000 on eligible R&D. The incentive applies to the year ending 31 March 2020 and on-wards. IRD has developed a tool that assists you to understand whether you may be eligible for the R&D tax credit. Click on the link below to be redirected to IRD's tool. We would be pleased to talk with you about this credit.