Motor Vehicle Mileage Rate 2024 Nz

Motor Vehicle Mileage Rate 2024 Nz. The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km.


Motor Vehicle Mileage Rate 2024 Nz

The ird has undertaken its annual review of motor vehicle mileage rates and has reduced the rate to 72 cents per kilometre for both petrol and diesel vehicles. The tier 1 rate is a combination of your vehicle’s fixed and running costs.

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