2024 Mileage Rate Nz. The table of rates for the 2022/2023 income year for motor vehicle expenditure claims. If your vehicle isn’t petrol, diesel, hybrid, or electric (???), then you must use the actual.
Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; The rates are $1.04 for petrol, diesel, hybrid and electric vehicles.
Sole Traders Or Qualifying Close Companies Can Use The Kilometer Rate Method To Claim Business Vehicle Costs;
Mileage rate is a term that refers to a monetary rate set by the tax authority for mileage reimbursement or deductions.
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.
After 14,000 km, the rates are $0.35 for diesel and petrol vehicles, $0.21 for hybrid vehicles, and $0.12 for electric.
2024 Mileage Rate Nz Images References :
If Your Vehicle Isn’t Petrol, Diesel, Hybrid, Or Electric (???), Then You Must Use The Actual.
You can find them on our website.
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.
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.
