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 actual vehicle expenses. WebUNCLASSIFIED Operational Statement OS 19/04a Commissioner’s statement on using a kilometre rate for business running of a motor vehicle – deductions Introduction Operational statements set out the Commissioner’s view of the law in respect of the
IRS issues standard mileage rates for 2024; business use increases …
Web31 dec. 2024 · The standard mileage rate that businesses use to pay tax-free reimbursements to employees who drive their own cars for business will be 58.5 cents … Web8 jun. 2024 · The rates for 2024 are as follows: Petrol or diesel: Tier 1 – 79c (down from 82c in 2024); Tier 2 – 27c (down from 28c in 2024). Petrol hybrid: Tier 1 – 79c (down from 82c in 2024); Tier 2 ... install google chrome 32 bit windows 10
Claiming Vehicle Expenses - Kiwi Tax
Web29 dec. 2024 · Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business use, … Web27 mei 2024 · 31 cents. Petrol Hybrid. 83 cents. 18 cents. Electric. 83 cents. 10 cents. These operational statements provide further information on the use of the kilometre rates: OS 19/04A: Commissioner's statement on using a kilometre rate for business running of a motor vehicle - deductions. WebInland Revenue has announced a new mileage rate method. This comes into effect for the 2024 income year and for the first time it has two tiers. +64 (09) 358 5656 Auckland, New Zealand; ... The Costs Method where actual mileage is recorded using a logbook. The IRD has introduced a new method from the 2024 income year (1 April 2024 – 31 March ... install google chat for pc