Your fleet solution just got a step closer!

Upgrade your fleet with the Government Investment Boost

There’s never been a better time to update your fleet, with the introduction of the New Zealand Government’s 2025 Investment Boost. 

If you’re a New Zealand-registered business, you may be eligible for an additional 20% tax deduction on qualifying new assets, such as new fleet vehicles, purchased from 22 May 2025 onwards.

Whether you’re expanding your operations or upgrading your existing fleet, it’s a valuable opportunity to reduce your tax bill while investing in reliable, durable and efficient fleet solutions.

How Does It Work?

When you purchase a brand-new vehicle for business use, you may be able to claim:

• An extra 20% tax deduction on the purchase of your brand-new vehicle in the same financial year – depending on your business’s tax year-end.
• In addition to standard depreciation, the deduction is calculated as if the vehicle’s value were already reduced by 20%.

This provides a more immediate tax benefit, particularly useful if you’re nearing the end of your financial year

How does my business qualify?

• To qualify for the Investment Boost deduction, your purchase must meet these criteria:
  
  • The vehicle is brand new (not used or pre-owned).
  • Purchased on or after 22 May 2025.
  • Used primarily for business purposes.
  • Bought by a New Zealand-registered business.