Mileage Rate 2024 New Zealand. 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.


Mileage Rate 2024 New Zealand

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 the year 1. The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs.

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