|RFx ID :||26008771|
|Tender Name :||Research and Development Tax Incentive in-year payments|
|Reference # :||PRO - 380|
|Open Date :||Wednesday, 6 July 2022 2:30 PM (Pacific/Auckland UTC+12:00)|
|Close Date :||Monday, 8 August 2022 1:00 PM (Pacific/Auckland UTC+12:00)|
|Tender Type :||Request for Proposals (RFP)|
|Tender Coverage :||Sole Agency [?]|
|Exemption Reason :||None|
|Required Pre-qualifications :||None|
|Alternate Physical Delivery Address :|
|Alternate Physical Fax Number :|
The Research and Development Tax Incentive (RDTI) provides a tax credit or refund for eligible R&D expenditure. The credit is currently paid in one lump sum after businesses have filed their income tax return, however it would be preferable to provide payment in the same year in which the expenditure is incurred (in-year payments), allowing businesses to benefit from their tax credits sooner.
In the medium to long-term the Government expects to be able to deliver an in-year payments solution through the tax system. In the short-term (for the 2022/23, 2023/24 and 2024/25 tax years) MBIE wishes to provide in-year payments of the RDTI through government loans that act as an advance on a business’s anticipated RDTI credit.
This RFP seeks to engage one or more supplier to administer and manage the delivery of RDTI in-year payment loans from the government.