To help in calculating an employee’s reimbursement when they use their private vehicle for work. Use our kilometre rates to calculate the deduction for costs and depreciation.
The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims. The newest official rate is 95 cents per km for the first (total) 14,000 km you’ve driven.
Use The New Ird Kilometre Rates As A Guide On How Much To Charge Per Km.
The rates set out below apply for the 2022/2023 income year for business motor vehicle expenditure claims.
A Review Of The Commissioner’s Mileage Rate Results In An Increased Rate Of 73 Cents Per Kilometre For Both Petrol And Diesel Fuel Vehicles For The 2017 Income Year Compared To.
The tier one rates reflect an overall increase in vehicle running costs.
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The Mileage Rate Is Up 1 Point From The.
Hence, a small car up to 1.5 litre is 53.2c.
Anyone From Ird Knows When The 2024 Mileage Rates Come Out.
The bill includes proposed changes expected to take effect on or before 1 april 2024.