New Zealand Inland Revenue recently issued Interpretation Statement 23/09: Research and development loss tax credits, which was included as part of the Tax Information Bulletin for December 2023. The interpretation statement provides guidance on who is eligible for research and development (R&D) loss tax credits.
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Introduction
1. The research and development (R&D) loss tax credit is in subpart MX of the Act. The R&D loss tax credit is a refundable credit available to eligi…