Encounter the Difference

NZ CA is an association of independent Chartered Accounting firms, proactively working together for the benefit of our clients.

Make the most of the new RESEARCH & DEVELOPMENT Tax Incentive Program (R&D)

Make the most of the new RESEARCH & DEVELOPMENT Tax Incentive Program (R&D)

New Zealand’s recently introduced R&D Tax Incentive program offers some of the most generous
R&D funding benefits available across Asia Pacific.

This tax incentive program will play a major role over the next 10 years in lifting New Zealand business R&D spend to an ambitious 2% of GDP (up from 0.63%) by the year 2030. It will also assist in countering the phasing out of the existing Callaghan Innovation Growth Grants due to end on 31 March 2021.

Overview of key points includes:
● 15% tax credit rate per year (should certain criteria be met)
● A minimum R&D spend of $50,000 per year
● $120 million cap on eligible expenditure
● Applies from 1 April 2019 for businesses undertaking eligible R&D activities

Refund parameters:
● In the first year there is a refund cap of up to a maximum of $255,000 – reflective of an R&D spend
of $1.7 million (refundable provided certain criteria are met)
● R&D tax credits not refunded are carried forward (subject to shareholder continuity rules applying to losses as per the Income Tax Act 2007)
● Tax credits applied as refunds can be coupled with the R&D Tax Loss cash-out regime which can result in up to 43% refunds on R&D spend
● In the first year the maximum amount of R&D tax refund available is $255k + $476k R&D tax loss
refund cap
● Special rules apply to the management of tax loss cash-outs in future tax years

Defining R&D eligible activities:
To meet R&D tax incentive criteria, R&D projects must contain at least one ‘core’ R&D activity. Factors determining eligibility will include whether a business can confirm if:
● Proposed activity is included/ excluded under schedule 21 of the Income Tax Act 2007
● Eligible R&D activity is undertaken in/out of New Zealand (although eligibility is limited for work
outside of New Zealand)
● Material purpose of the activity will create new/improved knowledge, processes, services or oods, or resolve scientific or technological uncertainty
● Work is undertaken in an organised and planned manner and is able to formulate and test possible outcomes

Note: R&D activity will not be ‘core’ if the knowledge required to resolve scientific or technological
uncertainty is:
● Publicly available, or
● Deducible by a competent professional in that relevant field

Support in claiming Tax Incentives 
Claiming R&D tax incentives is easy with the right advice and documentation. We are able to provide support in determining eligibility of opportunities to maximize additional tax credits and refunds enabling greater investment into your ongoing R&D program.

The Government has committed $1 billion over the next four years, for this program. Speak to us now about establishing a correct governance and documentation process to take full advantage of this program.

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  • Hawke's Bay
  • Manawatu/Wanganui
  • Nelson/Marlborough
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  • Otago
  • Southland
  • Taranaki
  • Waikato
  • Wairarapa
  • Wellington
  • West Coast

McDonald Vague Limited

Our experience in business turnaround, restructuring and insolvency has helped many New Zealand companies through periods of growth and change, as well as difficult times.

We advise underperforming businesses how to protect their financial future and find stability through a range of turnaround services including independent accounting reviews, raising finance and divestment.

Region: Auckland

Phone: 0800 30 30 34

YRW Limited

Trust YRW for highly professional accountancy support – as well as for expertise in business development, new business establishment and information technology.  We have a firm emphasis on regional business needs and are particularly close to local dynamics in the property, commercial and horticultural sectors. YRW are well resourced to provide experienced, informed, independent advice while we remain small enough to form long lasting personal relationships.

Region: Bay of Plenty

Phone: 07 578 0069

Brophy Knight Limited

Brophy Knight Ltd is a Chartered Accounting firm located in Ashburton, the capital of Mid Canterbury.

We are a member firm of NZCA, a New Zealand wide group of independent Chartered accounting firms focused on providing clients with a quality service.

We act for a diverse range of clients in Mid Canterbury and throughout New Zealand.

We are committed to forming close partnerships with our clients. This way we can understand your unique situation and customise the assistance we provide to suit your needs. Our commitment to excellence is evident in the hardworking nature of our staff, and the exceptional service we offer.

Region: Canterbury

Phone: 03 307 9051

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NZ CA Limited

Region: Hawke's Bay

Phone: 06 835 5299

Naylor Lawrence

At NLA we believe that a good accountant will ensure your compliance and tax is completed to standard and on time. However, a great accountant will take the time to understand your vision for growing your business and help you plan the journey to achieve it. With some checks along the way!

Our team has the expertise to assist your business, whether it’s big or small, just starting out, or needing some fine tuning. We don’t just offer services – we offer personalised solutions for each of our clients.

Region: Manawatu/Wanganui

Phone: 06 357 0640

Wallace Diack Chartered Accountants Ltd

With over 50 years combined experience in New Zealand, Wallace Diack is committed to providing a comprehensive range of practical accounting services for today's economic environment that help you realise your goals.

We appreciate that selecting a firm to entrust with your accounting requirements is an important decision, intensified by rapid economic changes, increases in competitive pressures, and resource availability. With our benchmarking, cash flow forecasting, and other tools, Wallace Diack is well placed to help you make an informed decision.

Region: Nelson/Marlborough

Phone: (03) 578 7389

Whitelaw Weber Limited

Whitelaw Weber is the largest business advisory and accountancy firm in New Zealand's Far North. They have had the pleasure of working with hundreds of businesses and families for more years than they care to remember.

They have a large team of accountants and business specialists based in offices in Kaikohe, Kaitaia and Kerikeri. Their expert hubs consist of the following;

  • Technology, systems and processes
  • Business consultancy and marketing
  • Financial and investment planning
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Region: Northland

Phone: (09) 407 7117

Flannery Tait

Flannery Tait Chartered Accountants is based in Alexandra with a satellite office in Cromwell.  The firm offers a variety of accounting services to clients who are located mostly in the Central Otago area.

Our Directors and staff have a great deal of experience built up over the past 30+ years and take pride in providing clients with a high-quality service at a competitive price. We are also actively involved in the local community and support many not for profit and
educational organisations.

Region: Otago

Phone: 03 448 8060

McIntyre Dick Limited

McIntyre Dick is a vibrant, driven, and people focused firm of Business Advisors and Chartered Accountants leading the industry in Southland, New Zealand. They’re dedicated to delivering exceptional service and strive to put time, mind and money back in their clients’ hands.

Region: Southland

Phone: 03 211 0801

Harris Taylor Limited

The Accountancy world is constantly changing and highly competitive. At Harris Taylor their challenge is to stay ahead of the competition by providing the best possible service, whilst ensuring that client satisfaction remains our primary motivation and ultimate goal.

Region: Taranaki

Phone: 06 278 5058

Vazey Child Limited


The first thing you will notice when you work with Vazey Child is their approach. It is in the analysis and advice, the understanding of your business and a focus on adding value that is where they excel. It’s why they exist, and it’s why their clients enjoy working with them.

Region: Waikato

Phone: (07) 838 2169

Southey Sayer

Offering a full range of accounting and business development services, tailored to meet the needs of each individual client. The wide range of expertise and experience within the firm is shared amongst the partners and their teams for their clients benefit. Services and products offered are fully flexible there will be no expectation to conform to a certain product or pricing structure.

Region: Wairarapa

Phone: (06) 370 0811

BW Miller Dean Ltd

BW Miller Dean Ltd was formed on 1 April 2016 with the merger of two long standing Wellington chartered accountancy practices: BW Chartered Accountants Ltd and Miller Dean Chartered Accountants Ltd. 

BW Miller Dean pride themselves on building relationships based on trust with clients through personal, individual attention, and always being available to help their clients with specialist Accounting or Finance functions when needed.

Region: Wellington

Phone: 04 910 3340

Marshall & Heaphy Limited

Central to the culture of the team that has been developed over their history, is the belief that successful and sustainable businesses are the backbone for the West Coast community. Great businesses create jobs, keeping people and family together on the Coast, building a sustainable community.

Region: West Coast

Phone: 03 768 7186