Mileage Rate 2024 Nz. Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre. 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.
Kilometre rates for business use of vehicles. The tier 1 rates reflect an.
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 mileage rate is updated every year by your tax authority and is meant to cover all costs of owning and.
The 2023/2024 Kilometre Rates Have Been Published.
Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs;
Mileage Rate 2024 Nz Images References :
Using The Tier 1 And Tier 2 Rates The.
The change is expected to bring in an extra $530 million over the 2024/2025 and 2026/2027 years.
The Rates Set Out Below Apply For The 2022/2023 Income Year For Business Motor Vehicle Expenditure Claims.
You can use kilometre rates to work out allowable expenses for business of a vehicle.