Kilometer Rate 2025 Nz

Kilometer Rate 2025 Nz. Kilometer Rate 2024 Nz Raina Rachel The increase in the Tier Two rates as between 2023 and 2024 may have some scratching their heads, as rates have only increased by 1c across the board, whereas electric vehicles (EVs) are now subject to road user charges of 7.6c per kilometre Claim expenses for business use of a vehicle using actual costs or logbooks and kilometre rates for the current year

(Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Bill, cls 105(7) and (37), and 200 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).

Ird Mileage Rate 2025 Nz Allan M. Monroe

Claim expenses for business use of a vehicle using actual costs or logbooks and kilometre rates for the current year In accordance with s DE 12(4) the Commissioner is, from time-to-time, required to set and publish kilometre rates for business customers Claim expenses for business use of a vehicle using actual costs or logbooks and kilometre rates for the current year

Km Rate 2024 Nz Darcee Stephanie. Our Hamilton Public Counter will be closed from Monday 3 March 2025 and re-opens on Monday 17 March 2025 Here's the breakdown for the 2025-2026 income year: Vehicle Type Tier 1 Rate per km Tier 2 Rate per km; Petrol or Diesel: $1.04: $0.35: Petrol Hybrid: $1.04: $0.21: Electric: $1.04: $0.12: What's the Difference Between Tier 1 and Tier 2?

New Zealand Tax Calculator 2025 Gale Eugenie. Mileage rates in Australia: 88 cents per kilometer driven for business, up to a maximum of 5000km in one financial year; Mileage rates in New Zealand: 104 cents per kilometer for petrol or diesel in tier 1 rate; 35 cents per kilometer in tier 2 rate; 104 cents per kilometer for petrol hybrid in tier 1 rate; 21 cents per kilometer in tier 2 rate Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year