On 26 Aug 2022, New Zealand’s Inland Revenue (IR) issued research and development (R&D) tax incentive updates due to the ongoing COVID-19 pandemic. The IR provides details on R&D tax incentive extensions, changes to claiming supporting activities, and digital technology sector guidelines.
If COVID-19 has impacted R&D tax incentive activities, taxpayers might be dealing with delays in filing taxes on time. For more time to file income tax and supplementary returns, taxpayers can email the tax authority and can find due dates for general approvals, criteria and methodology applications, and supplementary returns from the updates.
