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New Zealand Enacts Legislation for New R&D Tax Credit

|Approved Changes|New Zealand
New Zealand

New Zealand's Taxation (Research and Development Tax Credits) Act 2019 received Royal assent (was enacted) on 7 May 2019. The legislation includes measures for the introduction of a new 15% tax credit for eligible expenses incurred for R&D activities in New Zealand. The main aspects of the Act are summarized as follows:

Eligible Persons

A person may be eligible for the R&D tax cred…

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