Standard Mileage Rate 2024 Nz. 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 2024 year, that is, 1 april. These rates are going up for the 2024 financial year, as follows:
The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates. Use the tier two rate for the business portion of any travel over 14,000 kms in a year.
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