WebStandard mileage rate for motor vehicles The mileage rate for motor vehicles is 73 cents per kilometre for both petrol and diesel fuel vehicles. From the 2016-17 income year, … WebThe Taxation (Annual Rates for 2024-23, Platform Economy, and Remedial Matters) Act 2024 (“the Act”), available here, received royal assent on 31 March 2024.. The draft legislation (“the Bill”) was reported back from the Finance and Expenditure Committee (“FEC”) on 2 March with a number of recommendations and amendments.
Running Cost to per km AA New Zealand
WebAs 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. Hence, a small car up to 1.5 litre is 53.2c … WebKilometre rate changes announced by IRD. June 11, 2024. Every year, IRD advises of rates to apply in claiming a mileage deduction for business use of motor vehicles. These rates … hannaford nh hours
Specific Deductions - taxaccountant.kiwi.nz
Web1 feb. 2024 · If claiming vehicle expenses using the mileage claim method, GST claims are not applicable. The amount to claim is based on the rates for the financial year that you … WebI totally believe this it's time to open up the sector giving tax breaks to new operators to come to NZ and create competition. Corporations continue to own NZ… Matt stirling on LinkedIn: Supermarket suppliers not being influenced - Food & Grocery Council 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 kilometre for electric vehicles. These rates can be used for up to a maximum of 5,000 kilometres of work-related travel each year. 2016 Update: hannaford north troy ny