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R&D Tax Incentive

Bragato Research Institute (BRI) has been registered as an Approved Research Provider with New Zealand Inland Revenue.

As part of their commitment to raising New Zealand’s research and development (R&D) expenditure to 2% of GDP by 2027, the Government has launched a R&D Tax Incentive. The incentive aims to support business to innovate and contribute to a stronger, more productive economy that benefits all New Zealanders.

A business can claim the tax credit if eligible expenditure has exceeded $50,000 in an income tax year.

Eligible expenditure can subceed $50,000 in an income tax year if the R&D is performed by an approved research provider. This exception helps make the R&D tax credit accessible to businesses of all sizes.

The R&D Tax Incentive will be available from the 2019/2020 tax year for businesses conducting eligible R&D.

Please contact Augusta van Wijk, business development manager at BRI, to discover more about our research services.

More information about the background to the R&D Tax Incentive is on MBIE’s website.