Govt Chooses Accelerated Depreciation over Corporate Tax Cut

Govt's 'Think Big' Investment Boost: There. Is. No. Limit.

Go now, says Nicola Willis. “It starts today.” The economic growth minister has waved the start flag on a race to the stars for commercial building developers, oil and gas exploration firms, dam builders and right down to the smallest sole traders.Ahead of the Budget, Newsroom had reported the Government would support business cashflow and productivity growth with some form of accelerated depreciation; accountancy firms like BDO and Xero had bac…

Govt chooses accelerated depreciation over corporate tax cut

The Government is giving businesses a surprisingly large incentive to invest in new equipment and technology in a bid to improve productivity and growth. Its...

Budget 2025: Tax breaks to boost investment, as trade war whacks growth

Government to increase KiwiSaver contribution rates and give firms a tax break on asset purchases to support New Zealand’s faltering economic recovery

The Executive Yuan passed a draft amendment to the "Sports Industry Development Act" on the 22nd, which includes an expansion of tax deductions for sponsoring professional sports. Premier Toh Jung-tai said that he hopes to increase the incentive for private enterprises to participate in promoting national sports and promote the development of the sports industry through tax incentives.

Budget 2025: New tax break should boost vehicle investment - NZ Autocar

A major new tax incentive announced in Budget 2025 should spur business investment in productive assets by offering tax relief on new purchases. That includes a vehicle for a small business or a fleet of vehicles for a larger firm.The so-called Investment Boost allows businesses to deduct 20 per cent of the cost of new assets from their taxable income in the year of purchase. That’s atop standard depreciation deductions.The scheme applies to veh…

Investment Boost: Tax Incentive to Lift Growth

“Budget 2025 launches Investment Boost, a major new tax incentive to encourage businesses to invest, grow the economy, and lift wages,” Finance Minister Nicola Willis says. “Economic growth is how we raise living standards, create higher-paying jobs and fund the growing cost of the public services Kiwis depend on. “To achieve that growth, New Zealand needs businesses to invest in productive assets – like machinery, tools, equipment, vehicles and…