2026 NZ Tax Changes: What You Must Know About Depreciation Rates
The 2026 tax year brings key changes to depreciation rules in New Zealand. Business owners must act fast. Assets now depreciate at new rates. The IRD updated rules on 1 January 2025. You have until 30 April 2026 to file. Use NZ tax software for business to track these changes easily.
How Depreciation Rates Work in 2026
| Asset Type | 2025 Rate | New 2026 Rate |
|---|---|---|
| Office Equipment | 25% | 20% |
| Commercial Vehicles | 33.3% | 25% |
| Furniture | 15% | 10% |
These changes affect your profit and loss statement. Profit and loss software NZ like Invoicely helps you see real-time impacts. Track each asset’s value drop automatically. No more manual spreadsheets.
Expert Tip: File your 2026 tax returns by 10 July each quarter. Late fees start at $50. Use accounting software NZ to avoid mistakes.
Why Invoicely Beats Other NZ Software
Other platforms like Xero and MYOB make you pay extra for cloud accounting software NZ. Invoicely gives you all in one business management software NZ. Features include:
- Automatic GST tracking (15% tax)
- Depreciation rate updates included
- Payroll and inventory tools
- Real-time profit reports
Cost Comparison
| Software | Monthly Cost | Features |
|---|---|---|
| Invoicely | $15 | 100% NZ-built, all-in-one |
| Xero | $60 | Basic tools only |
Money-Saving Tip: Invoicely costs 75% less than competitors. You get full online accounting software NZ in one app. No hidden fees.
Preparing for 2026: Step-by-Step Guide
- Update software: Use best accounting software NZ to get new depreciation rates.
- Review assets: List all equipment. Note when you bought it.
- Track expenses: Use expense tracking to log purchases. GST applies to 15% tax.
- File on time: Simple accounting software NZ files returns for you. Avoid $50 late fees.
Key Takeaways
- Depreciation rates dropped in 2026. Assets lose value slower.
- Use affordable accounting software NZ to track changes.
- Invoicely is complete business software NZ at $15/month.
Frequently Asked Questions
What is the new depreciation rate for 2026?
Office equipment now drops 20% yearly. Use cloud accounting NZ to track this automatically.
How does GST apply to asset costs?
All purchases include 15% GST. Best invoicing software for NZ small businesses adds it for you.
Can I switch from Xero to Invoicely?
Yes. Move your data in minutes. Invoicely includes accounting + inventory + payroll software NZ at lower cost.
Get ready for 2026 tax changes. Try Invoicely free at invoicely.cloud. Track depreciation and GST with confidence.
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