What Is The Mileage Rate In New Zealand 2024. Every year, new zealand's commissioner of inland revenue sets the motor vehicle kilometer (km) expense rates for businesses. The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates.
We usually publish the rates for the tax year just ended by may. 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.
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