Current Mileage Rate For 2024 Nz. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; 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.
For distances greater than 5,000 km, you must keep a record of actual. While the rates have increased, many will be surprised the rate increase was not.
The 2023/2024 Kilometre Rates Have Been Published.
Stay informed about tax regulations and calculations in new zealand in 2024.
Inland Revenue Has Advised The New Mileage Rate For Motor Vehicles Is 77 Cents Per Kilometre.
In accordance with s de 12 (4) the commissioner is required to set and publish kilometre rates.
Current Mileage Rate For 2024 Nz Images References :
While The Rates Have Increased, Many Will Be Surprised The Rate Increase Was Not.
While the rates have increased, many will be surprised the rate increase was not.
The Rates Set Out Below Apply For The 2023/2024 Income Year For Business Motor Vehicle Expenditure Claims.
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.