WebMay 30, 2024 · The table of rates for the 2024-2024 income year The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel. … WebUpdate: View the 2024 mileage reimbursement rates here. Inland Revenue has just released its vehicle kilometre rates for the 2024 income year, and it’s not good news, particularly …
Kilometre rates for the 2024-2024 income year - ird.govt.nz
WebDec 17, 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2024, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for ... WebYou'll find both of these at ird.govt.nz The rates are set out in two categories - industry and asset. For depreciation rates before 1 April 2005, check our ... statement in our Tax Information Bulletin Vol 22, No 5 (June 2010). Note From the 2024 income year depreciation on non-residential buildings has been reintroduced. For more information ... ear and nose hair trimmers
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WebThe IRD mileage rates have been updated for the 2024/18 year to 73 cents per kilometre for petrol, diesel and hybrid vehicles. They have also introduced a new rate of 81 cents per … WebAug 14, 2024 · The km rate for 2024 is estimated to be about 6.7 km/h. This estimation is based on the average speed of travel in 2024, which is 6.3 km/h. While this rate is subject to change, it is a good estimation of the average speed for the year 2024. What is the IRD mileage rate for 2024 NZ? The IRD mileage rate for 2024 NZ is 58 cents per kilometer. WebThe IRD mileage reimbursement rate is 74 cents per kilometre, for up to 5,000 km of work-related travel per year. For distances greater than 5,000 km, you must keep a record of … css128te-11