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New Zealand R&D Tax Incentive

New Zealand R&D Tax Incentive

Offers New Zealand businesses tax credits for qualifying innovation activity and reduced project cost.

Between cyclesInland Revenue DepartmentNew Zealand
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About

The New Zealand R&D Tax Incentive (RDTI) is a statutory tax credit administered jointly by Inland Revenue (IRD) and the Ministry of Business, Innovation and Employment (MBIE), providing eligible businesses with a 15% tax credit on qualifying research and development expenditure incurred in New Zealand. The program is not a competitive grant; it is a continuously open, income-year-based incentive c…

What this grant funds

Provides a 15% tax credit on eligible R&D expenditure between NZD $50,000 and $120,000,000 per income year to New Zealand businesses conducting systematic research and development.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 22 Jul 2026Source: www.ird.govt.nz