Standard Mileage Rate 2024 Nz. This new rate applies for. The 2023/2024 kilometre rates have been published.
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. 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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Following are the standard mileage rates of 2024:
The Mileage Rate Is Updated Every Year By Your Tax Authority And Is Meant To Cover All Costs Of Owning And Running.
The rates are $1.04 for petrol, diesel, hybrid and.
Standard Mileage Rate 2024 Nz Images References :
The Rates Are $1.04 For Petrol, Diesel, Hybrid And.
The tier 2 rate is for running costs.
Inland Revenue Has Advised The New Mileage Rate For Motor Vehicles Is 77 Cents Per Kilometre.
This rate applies to self employed taxpayers with up to a maximum.