2024 Mileage Rate Nz Car

2024 Mileage Rate Nz Car.  — 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,.  — use the new ird kilometre rates as a guide on how much to charge per km.

The newest official rate is 95 cents per km for the first (total) 14,000 km you’ve driven. Hence, a small car up to 1.5 litre is 53.2c per km and the rate goes up depending on the car to $1.07 per km for a large car over 3.5 litres.