Mileage Rate 2024 Nz

Mileage Rate 2024 Nz.  — 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. The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs.

Hence, a small car up to 1.5 litre is 53.2c per km and the. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles.