On 5 April 2016, New Zealand Inland Revenue's Policy and Strategy group issued a special report on the "cash out" of research and development tax losses. The new rules were introduced as part of the Taxation (Annual Rates for 2015-16, Research and Development, and Remedial Matters) Act 2016, which received Royal assent on 24 February 2016 ({News-2016-03-03/A/3- previous coverage}). The report provides a full review of all aspects of the new rules, including examples.
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