Mileage Rate 2024 Nz. Every year, new zealand's commissioner of inland revenue sets the motor vehicle kilometer (km) expense rates for businesses. 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.
In accordance with s de 12 (4) the commissioner is required to set and publish kilometre. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km.