2024 Mileage Rate Nz

2024 Mileage Rate Nz. The total mileage will be claimed at the current year’s rate in your financial returns. For the 2024 income year, both the tier 1 and tier 2 rates have increased from 2023, reflecting an overall increase in vehicle running costs largely due to fuel costs,.

The rates set out below apply for the 2022/2023 income year for. Every year the commissioner of the inland revenue sets the motor vehicle kilometre expense rates for businesses.