After electing to be a significant performer and getting your criteria and methodologies approval, you must get an R&D certificate. You'll need to get this from an approved R&D certifier and give it to us with your supplementary return.
R&D certificates provide us with reasonable assurance that you have complied with R&D requirements. It is expected that your R&D certificate will confirm that:
- an approved R&D certifier has reviewed a sample of your eligible expenditure and the sample follows the relevant rules
- you incurred more than $2 million of eligible R&D expenditure in the income year, or you were reasonable in estimating that you would meet the threshold.
Getting an R&D certificate
In addition to getting an approved R&D certifier to certify your R&D expenditure, Callaghan Innovation may undertake a periodic review of your approved criteria and methodologies relating to R&D activities.
A list of IRD approved certifiers will be available soon.