What Is The Mileage Rate In New Zealand 2024. Nzird mileage rate 2023/2024 in new zealand. This includes private use travel.
Use our kilometre rates to calculate the deduction for costs and depreciation for the business use of your vehicle. 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.
New Zealand Has Recently Advised Of A Change To The Personal Car Mileage Reimbursement Rates Effective April 01, 2024.
Tier 1 rates have reduced to reflect lower fuel, interest and maintenance costs.
The Mileage Rate Is Updated Every Year By Your Tax Authority And Is Meant To Cover All Costs Of Owning And.
The tier 1 rate is a combination of your vehicle’s fixed and running costs.
What Is The Mileage Rate In New Zealand 2024 Images References :
The 2023/2024 Kilometre Rates Have Been Published.
The current approved payment is $.635 (63.5 cents) per kilometre.
Assuming It's A 2.0 Litre, The Aa Calculation Would Be 65C Per Km.
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.