Tax Incentive Proposal for R & D
MBIE have sought industry response to their proposal to create a Research & Development tax incentive.
For full details of their discussion document please see here.
Plastics New Zealand had been working with and has endorsed BusinessNZ’s submission on the proposal. Our major concerns are to ensure smaller SME’s are able to benefit from the incentive, it is not unwieldy to administer, and the incentive is available to those companies involved in developing new products and processes and not just for the research component.
To view the submission Members login to the website and click here