Kilometer Rate 2024 Nz. Vehicle mileage rate 2024 nz. Kilometer rate 2024 nz the tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs.
The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. The tier one rates reflect an overall increase in vehicle running costs.
The Running Costs We Calculate Is For A Vehicle With Up To A Gvm Of 3500Kg.
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.
After 14,000 Km The Rates Are Lower, And Differ Depending On Vehicle Type.
For distances greater than 5,000 km, you must keep a record of actual vehicle expenses.
Kilometer Rate 2024 Nz Images References :
After 14,000 Km, The Rates Are $0.35 For Diesel And Petrol Vehicles, $0.21 For Hybrid Vehicles, And $0.12 For Electric Vehicles.
The running costs we calculate is for a vehicle with up to a gvm of 3500kg.
Vehicle Mileage Rate 2024 Nz.
Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year.