Submission on Research and Development Tax Credit Legislation

Submission to the Finance and Expenditure Select Committee on the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill.

Although supportive of the research and development (R&D) tax incentive, NZTech’s concerns include the cessation of the current growth scheme and potential compliance burden of the application process on smaller firms.  NZTech also requests further discussion on the definition of software development to avoid barriers for small software firms.

Submission prepared by NZTech.