The NZ Government has recently introduced Investment Boost which is a new tax deduction for all Businesses.  From 22 May 2025 businesses can claim 20% of the cost of the new assets as an expense, then claim depreciation as usual on the remaining 80 %.  


This Knowledge Base article will explain how to handle The Investment Boost by adding an adjustment against the Asset in Orion.


TABLE OF CONTENTS



Are you Eligible? 


  • The Asset must be brand new (not pre owned)
  • Purchased on or after 22 May 2025
  • Used Primarily for Business Purposes
  • Bought by a New Zealand Registered Business


Please check with your Accountant if you are unsure this Asset is Eligible for the Government Investment Boost.

The Depreciation Adjustment should be added prior to the Asset Month Rollover for the Month the Asset was purchased.



How to add the Depreciation Adjustment


1.  Add the fixed asset as you normally would.


2.  Before month end roll is completed add an adjustment for the investment boost being claimed.


From the Asset Register Listing Highlight the Asset and select Adjustment




3. Select Depreciation



4. Added the Value of the Depreciation Adjustment which will be 20% of the Cost of the Asset Excluding GST.



5. Select OK to add the Adjustment.





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