Mileage Rate 2024 Nz Ird. 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 2023 year, being. Use our kilometre rates to calculate the deduction for costs and depreciation.
The tier one rates reflect an overall increase in vehicle running. This is tax free if it reimburses their additional transport costs and they:
The Rates Set Out Below Apply For The 2023/2024 Income Year For Business Motor Vehicle Expenditure Claims.
As you say, the ird rate is 77c per km, however the aa rates are also acceptable to the ird, but are calculated on the type of vehicle.
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The rates set out below apply for the 2022/2023 income year for business motor vehicle expenditure claims.
Mileage Rate 2024 Nz Ird Images References :
There Are Several Changes From 1 July.
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The Rates Are $1.04 For Petrol, Diesel, Hybrid And.
You can use kilometre rates to work out allowable expenses for business of a vehicle.