Stewart & Co Blog

Motor Vehicle Mileage Rate Update

The IRD have recently reviewed the mileage rate used to calculate motor vehicle expenses incurred in
 businesses.   The mileage rate has gone down from 74 cents to 72 cents per km for both petrol and diesel vehicles for the 2016 year onwards.  This, the IRD says, is a reflection of the lower fuel costs and lower overall running costs for vehicles. 

What this means for you: Read more…

Government Announcement on Upcoming Tax Changes


On 13 April 2016, the Government announced a number of tax changes.  The changes are a continuation of IRD's plan of tax simplification and are likely to have a positive impact on many taxpayers.  The biggest changes are as follows: Read more…

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