Nz Ird Mileage Rate 2024. Section de 12(3) requires that the commissioner sets a mileage rate that taxpayers may use to calculate the expenditure or loss on a motor vehicle that represents the proportion of business. For the 2024 income year, both the tier 1 and tier 2 rates have increased from 2023, reflecting an overall increase in vehicle running costs largely due to fuel costs, insurance, and interest.


Nz Ird Mileage Rate 2024

This includes private use travel. These operational statements provide further information on the use of the kilometre rates:

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