Skip to main content

Changes to the myIR login screen are coming You will not be able to use myIR between 1pm Saturday 8 October and 8am Monday 10 October. This is so we can update our external authentication system. From Monday 10 October the myIR login page will have a new look and feel, but the login process will not change.

Cost of Living Payment Eligible customers will have the payment automatically paid into their bank accounts by the end of the day 3 October 2022. The payments will be staggered and Credit Union customers may not receive their payment until 4 October 2022. Cost-of-Living-Payment

The aim of the R&D loss tax credit is to allow start-up companies (with an R&D focus) to refund tax losses caused by qualifying R&D expenditure.

To 'cash out' any tax losses from R&D expenditure you must meet the eligibility criteria.

To be eligible the company must:

  • be a tax resident in New Zealand
  • have a net loss in the corresponding tax year
  • have eligible R&D expenditure for the income year
  • have sufficient R&D wage intensity
  • meet the corporate eligibility criteria
  • own (solely or jointly) the intellectual property and know-how that results from the R&D activity.

Groups of companies

If you meet the criteria listed above and you are part of a group of companies you may still be eligible. 

  • The group as a whole must be in a tax loss position. 
  • The R&D wage intensity threshold must be met by the group as a whole. 

R&D wage intensity criteria

Meaning of R&D group

Group of companies definition

Ineligible entities 

Your company is ineligible if it is:

  • treated as a resident of a foreign country or territory under a double tax agreement
  • a look-through company
  • listed on a recognised exchange, for example, a stock exchange
  • 50% or more of the shares in the company are owned by anyone or a combination of, a
    • a public authority 
    • local authority
    • crown research institute
    • state enterprise
  • established by or subject to:
    • the Education Act 1989
    • the New Zealand Public Health and Disability Act 2000
    • the Crown Entities Act 2004

 

Last updated: 28 Apr 2021
Jump back to the top of the page