UC recognised as IRD-approved research and development provider

13 June 2019

The University of Canterbury is one of the first institutions to be recognised by Inland Revenue | Te Tari Taake as an approved research provider.

  • drone and electronics lab

The University of Canterbury is one of the first institutions to be recognised by Inland Revenue | Te Tari Taake as an approved research provider.

The recent Research and Development Tax Incentive law makes it easier for qualifying businesses to obtain a 15% tax refund on their research and development (R&D) expenditure per annum.

Deputy Vice-Chancellor Professor Ian Wright is pleased UC is among the first institutes to be approved by IRD.

“Recognition of UC as an accredited research provider by IRD means that businesses can work with us secure in the knowledge that not only will the research and development services they receive be professional and fit for purpose, but they will also be supported by appropriate and accurate invoicing for claiming the tax incentive,” he says.

“This is a further example of the ways in UC strives to build and enhance a strong culture of collaboration with business and industry.”

Working with UC on research and development is especially favourable for businesses that spend less than $50,000 per annum because, to benefit from the incentive, businesses must work with an approved research provider.

To find out more about working with UC on R&D projects please email: commercial@canterbury.ac.nz

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