New guidance tool available
Following on from the last articles’ R&D tax credit flavour, to assist businesses with assessing whether they may eligible for the new R&D tax credit, IR has developed and now released a new on-line (apparently easy-to-use) eligibility tool with associated guidance material, which is aimed at providing businesses with a useful indication of whether they should explore their eligibility to receiving a tax credit further.
The new tool has been designed to facilitate Governments intention to encourage more businesses of all sizes and across a range of sectors to invest in R&D activities.
You can find out more about the new tool by following this link - www.ird.govt.nz/rd-credit.
A Week in Review originally published; Monday 29th July 2019.
If you have any questions or would like a second opinion on any national or international tax issues, please contact me richard@gilshep.co.nz.
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