The tier one rate is used for the first 14,000 kilometres travelled by the vehicle in a tax year (including both business and personal purposes). Following are the standard mileage rates of 2024:
The calculations are based on the first 5 years of a nz new vehicle. Different vehicle types are entitled to different mileage rates.
The Tier One Rate Is Used For The First 14,000 Kilometres Travelled By The Vehicle In A Tax Year (Including Both Business And Personal Purposes).
67 cents per mile driven for.
This Rate Applies To Self Employed Taxpayers With Up To A Maximum Of 5,000.
For distances greater than 5,000 km, you must keep a.
Images References :
The Bill Includes Proposed Changes Expected To Take Effect On Or Before 1 April 2024.
For distances greater than 5,000 km, you must keep a.
In Addition, There Are Some Rate Changes, And Residual Items (Introduced In 2022 And.