IRD Approved Research Provider

Exactus Ltd are an IRD approved research provider for research and development (R&D) services to businesses in New Zealand.

This allows our clients to claim the R&D tax credit with respect to eligible R&D activities we perform on their behalf. This is regardless of whether the minimum expenditure threshold of $50,000 is met or not.

If you are carrying out your own R&D activities, you cannot claim the tax credit unless you have more than $50,000 of eligible expenditure in a tax year.

However, if you have less than $50,000 of eligible R&D expenditure, you may be able to claim the R&D tax credit if your R&D is performed by an approved research provider on your behalf. This exception helps make the R&D tax credit accessible to businesses of all sizes.

Your eligible R&D expenditure may be a mixture of approved research provider and non-approved research provider expenditure. If so, your combined total eligible R&D expenditure must be $50,000 or more for the non-approved research provider expenditure to qualify for the R&D tax credit.

For more information contact us at Exactus or visit the Inland Revenue website: www.ird.govt.nz