Motor Vehicle Mileage Rate 2024 Nz

Motor Vehicle Mileage Rate 2024 Nz. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates.

The table of rates for the 2022/2023 income year for motor vehicle expenditure claims. The new rates have increased from the 2022 rates for all vehicle types, particularly for petrol and diesel vehicles, which reflects the increases in running costs due to inflation.