R&D Tax Incentive (RDTI) - Expertise
The R&D Tax Incentive (RDTI) in New Zealand is a tax credit for businesses undertaking eligible R&D activities and provides a 15% tax credit which is refundable (subject to criteria). Our Instinct Lab NZ founder, Nadine Williams, is part of the R&D Advisory Group working with Inland Revenue and MBIE.
We are on a mission to ensure that businesses, accountants and bookkeepers understand the requirements so they can access the support that they are legitimately entitled to and ensure that they claim right the first time.
At Instinct Lab NZ, we work with ambitious founders to maximise funding so they can stay focused on advancing the technology, building the team and creating partnerships for a sustainable and successful business.
Who is the RDTI for?
Eligible businesses doing eligible R&D activities. We see too many businesses opt out when they actually qualify.
If you are creating something new and needed to undertake experimentation and testing, you many qualify.
Check out the guidance here
Why RDTI Matters?
RDTI is a 15% tax credit that is refundable as cash (subject to criteria). By claiming the RDTI you can use the credit to hire more smart people, purchase critical capital equipment and fast track scaling of your solutions.
What spend qualifies for RDTI?
Expenditure that relates to the approved R&D activities are eligible. This includes employee costs, overheads, materials, consumables, depreciation and contractors. You can also claim expenditure incurred overseas (all expenditure subject to exclusions which can be found here).
Use our fun quiz documents to test your knowledge and help ensure you make the right claim, first time.
Follow Instinct Lab NZ on LinkedIn to stay up to date with changes and key insights