2024 Mileage Rate Nz 2023. If you are a sole trader or qualifying close company and use the kilometer rate method to claim business vehicle costs, this new rate applies for the 2023 year, being the year. You can claim vehicle expenses using ird’s reimbursing rate, (x cents per kilometre) but you’ll need to keep an ongoing log of all your business trips all year round.
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. The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims.
