Nz Mileage Rate 2024
Nz Mileage Rate 2024. We publish the kilometre rates after each tax year ends on 31. The 2023/2024 kilometre rates have been published.
The rates are $1.04 for petrol, diesel, hybrid and electric vehicles. Different vehicle types are entitled to different mileage rates.
To Help In Calculating An Employee’s Reimbursement When They Use Their Private Vehicle For Work Purposes Use The Following Link On The Ird Website:
Make sure you’re claiming the right rate!
The Rates Are $1.04 For Petrol, Diesel, Hybrid And Electric Vehicles.
If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1 april.
Nz Mileage Rate 2024 Images References :
67 Cents Per Mile Driven For Business.
This rate applies to self employed taxpayers with up to a maximum of 5,000.
Inland Revenue Has Advised The New Mileage Rate For Motor Vehicles Is 77 Cents Per Kilometre.
In accordance with s de 12 (4) the commissioner is required to set and publish kilometre rates.