2025 NZ Government Budget: Investment Boost for Business Vehicle Purchase
As part of the 2025 New Zealand Government Budget, a new Investment Boost initiative has been announced, bringing great news for businesses planning to invest in new vehicles. If you’re a New Zealand-registered business looking to upgrade your fleet, you may be eligible for an additional 20% tax deduction on qualifying new assets purchased from 22 May 2025 onwards.
A Smart Move for Business Vehicles. For sectors like construction, agriculture, logistics, and mobile repairs where vehicles are essential tools—this initiative offers a valuable opportunity to lower your tax bill while upgrading to modern, reliable equipment.
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How It Works?
Key Tax Benefits at a Glance: When you purchase a brand new vehicle for business use, you may be able to claim:
- An extra 20% tax deduction on the purchase price in the current financial year (subject to your tax year-end)
- In addition to the standard depreciation, calculated as if the asset’s value were reduced by 20%
- This provides a more immediate tax benefit—particularly useful if you’re nearing the end of your financial year.
Am I Eligible?
To qualify for the Investment Boost deduction, your purchase must meet these criteria:
- The vehicle is brand new (not used or second-hand)
- Purchased on or after 22 May 2025
- Used primarily for business purposes
- Acquired by a New Zealand-registered business
Why Choose Mitsubishi?
Mitsubishi offers a wide range of models featuring Plug-in Hybrid technology, top safety ratings, reliability and practical design. Business customers can also take advantage of:
- Flexible ownership and leasing options
- Assured Future Value returns
- Tax-effective structuring
- Comprehensive servicing plan
