New Zealand Tax Agency Issues Guidance on R&D Tax Incentives for Digital Technology Sector

The New Zealand Inland Revenue Aug. 26 issued guidance on R&D tax credit incentives (RDTI) for businesses in the digital technology sector. Topics covered include: 1) the distinction between core and supporting R&D activities; 2) core and supporting activities that do or do not qualify for RDTI funding; 3) a diagram showing when R&D activities are considered to start and finish; 4) the information required on the General Approval application with examples; 5) general principles of RDTI eligibility from problem to outcome; and 6) tests for showing that knowledge required to solve a technological uncertainty isn’t publicly available or could ...