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IS 17/05
07 Jun 2017

Income tax - treatment of New Zealand patents

This interpretation statement considers the income tax treatment of New Zealand patent applications, New Zealand patents and New Zealand patent rights. It updates and replaces the 2006 Interpretation Statement (IS2215 - Income tax treatment of New Zealand patents). This statement updates legislative references to reflect changes to income tax and patents legislation since 2006. It also discusses legislative changes addressing "black hole" expenditure in the Taxation (Annual Rates for 2015-16, Research and Development, and Remedial Matters) Act 2016. Some of the Commissioner’s views have changed because of these legislative changes, and this is discussed in the statement.