New Zealand Inland Revenue has published a variation determination dated 9 November 2021 that extends the deadlines for taxpayers to apply for criteria and methodologies (CAM) approvals for the R&D tax credit incentive for the 2020-21 and 2021-22 income years. In particular, the variation extends:

• to 7 December 2021 the time by which a person with a late balance date must apply for CAM ap…