Lincoln Agritech Is an Approved Research Provider

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Apr, 2020

We are proud to announce that Lincoln Agritech (LAL) is one of the approved research providers for the Research and Development Tax Incentive (RDTI). Please contact Sophie Rebbeck, Business Development & Marketing Group Manager at LAL, to discover more about our research capabilities.

The New Zealand government introduced a RDTI last year to grow New Zealand’s knowledge economy. The RDTI will give businesses a 15% tax credit if they spend a minimum of $50,000 per year on eligible R&D. Businesses who spend under $50,000 may still be eligible, so long as the R&D is carried out by an approved research provider.

The Government recently passed some changes to the RDTI rules under urgency to provide extra cash support to R&D performing businesses, to help support them through the disruption caused by COVID-19 and beyond.

New policy changes allow more loss-making businesses to have this R&D tax credit refunded in cash. These broader refundability rules are backdated to the beginning of the RDTI scheme (the 2019/2020 income year) to help put much-needed cash back into R&D-performing businesses that are making losses.

More information about RDTI can be found at MBIE and RDTI NZ. 

Lincoln Agritech Is an Approved Research Provider