Ird Mileage Rate Nz 2024. We publish the kilometre rates after each tax year ends on 31. 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.

The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. 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.