Nz Mileage Rate 2024. How to use the mileage rate. Let’s take a deeper dive into each one:
If your vehicle isn’t petrol, diesel, hybrid, or electric (???), then you must use the actual costs method. Mileage rate is a term that refers to a monetary rate set by the tax authority for mileage reimbursement or deductions.
The Tier 2 Rate Is For Running Costs Only.
By abayliss |aa expert|2169 posts|19 december 2013 at 9:01am.
While The Rates Have Increased, Many Will Be Surprised The Rate Increase Was Not Higher, Given The Price Of Petrol.
“the annual licensing fee component of motor vehicle registration (mvr) hasn’t been increased.
Inland Revenue Has Advised The New Mileage Rate For Motor Vehicles Is 77 Cents Per Kilometre.
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Use It For The Business Portion Of The First 14,000 Kilometres Travelled By The Vehicle In A Year.
The tier 1 rate is a combination of your vehicle's fixed and running costs.
This Includes Private Use Travel.
“the annual licensing fee component of motor vehicle registration (mvr) hasn’t been increased.
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