Standard Mileage Rate 2024 Nz. The tier one rates reflect an overall increase in vehicle. The tier 2 rate is for running costs.
The table of rates for the 2022/2023 income year for motor vehicle expenditure claims. Page last reviewed or updated:
The Table Of Rates For The 2022/2023 Income Year For Motor Vehicle Expenditure Claims.
Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre.
The Rates Are $1.04 For Petrol, Diesel, Hybrid And Electric.
New zealand’s commissioner of inland revenue is required to regularly set kilometre (km).
Mileage Rate Increases To 67 Cents A Mile, Up 1.5 Cents From 2023.
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The Claim Will Be Limited To 25% Of The Vehicle Running Costs As A Business Expense.
The ibt agreement sets out how employees will be compensated for travel spent between seeing clients.
In Accordance With S De 12 (4) The Commissioner Is Required To Set And Publish Kilometre.
The tier one rates reflect an overall increase in vehicle.