New Zealand's Ministry of Business Innovation & Development has issued a release on the government's plan for the R&D incentives consulted on earlier in the year, which must now be drafted as legislation for passage in parliament.
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R&D Tax Incentive
The Government has committed to raising New Zealand’s research and development (R&D) expenditure to 2% of GDP over 10 years.
To reach this target more businesses will need to increase their expenditure on R&D. This will…