Motor Vehicle Mileage Rate 2024 Nz

Motor Vehicle Mileage Rate 2024 Nz. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims.

Make sure you’re claiming the right rate! 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.