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Research and development is a challenging stage for a newly created business to go through. The long hours and late nights can take a toll, while funding can be hard to come by. But the new R&D loss tax credit may be able to help.

Tax

The tax will affect cross-border digital product purchases – such as music, video and software – by New Zealand residents has been passed by Parliament and will be effective as of October 1.

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Tax

The New Zealand Government has introduced a new Research and Development (R&D) Loss Tax Credit to help give innovative companies access to some of their tax losses sooner.

The taxman is getting another $78.4 million over the next four years to help deal with the hidden economy, debt collection, and following up on unfiled returns.