On 26 February 2015, New Zealand introduced intro parliament the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill. The main measures cover R&D expenditures, GST for bodies corporate and CFC rules, and are summarized as follows:
“Cash Out” for Research And Development Tax Losses
The bill proposes to allow loss-making research and development start-up companies to “cash out” their tax losses arising from qualifying research and development expendit…