Motor Vehicle Mileage Rate 2024 Nz
Motor Vehicle Mileage Rate 2024 Nz. The rates set out below apply for the 2022/2023 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.
New vehicle mileage rates you should know. You can find them on our website.
Use The Rates For The Year You’re Claiming.
Employers may use rates published by a reputable independent new zealand source, representing a reasonable estimate (for example, new zealand automobile association.
While The Rates Have Increased, Many Will Be Surprised The.
The change is expected to bring in an extra $530 million over the 2024/2025 and 2026/2027 years.
Motor Vehicle Mileage Rate 2024 Nz Images References :
Every Year The Commissioner Of The Inland Revenue Sets The Motor Vehicle Kilometre Expense Rates For Businesses.
Using the tier 1 and tier 2 rates.
Every Year, New Zealand's Commissioner Of Inland Revenue Sets The Motor Vehicle Kilometer (Km) Expense Rates For Businesses.
Section de 12 (3) requires that the commissioner sets a mileage rate that taxpayers may use to calculate the expenditure or loss on a motor vehicle that represents the.