New Zealand: Country and Foreign Investment
There are no general company tax breaks for companies investing in New Zealand; the government has believed that low corporate income tax rates, no capital gains tax and a stable, low inflation economy constitute the best incentives.
In the context of the global economic recession, an R&D tax credit applied for the 2008-09 income year, but was then repealed.
Non-tax incentives are available for investments in selected sectors, such as venture capital and film production, provided directly by the government in the form of financial support.
Anyone filming a large budget movie production in New Zealand may be eligible for assistance under the Large Budget Screen Production Grant Scheme. This scheme does not include tax incentives as such, although any grants that are made are exempt from income tax.