WebAs you say, the IRD rate is 77c per km, however the AA rates are also acceptable to the IRD, but are calculated on the type of vehicle. Hence, a small car up to 1.5 litre is 53.2c per km and the rate goes up depending on the car to $1.07 per km for a large car over 3.5 litres. WebThe rates set out below apply for the 2024-2024 income year for business motor vehicle expenditure claims. The Tier 1 rates reflect an overall increase in vehicle running costs …
Claiming expenses — business.govt.nz
WebMay 30, 2024 · The table of rates for the 2024-2024 income year The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel. … WebJun 15, 2012 · Alternatively, you may use your logbook records to claim back Inland Revenue mileage rates on your vehicle. GST All GST paid on the purchase price and running costs of vehicles is claimable. signs of hypothyroidism in dogs
IRD mileage reimbursement rates in New Zealand - Deloitte tax@h…
Web6. The various rates for selected vehicle types are made up of two tiers. 7. The Tier One rate is a combination of the vehicle’s fixed and running costs. The Tier One rate applies for the business portion of the first 14,000 kilometres travelled by the motor vehicle in an income year. 8. The Tier Two rates provide only the running costs. WebHere's how we use cookies. We use preference, analytical, advertising and targeting cookies to better understand your preferences so that we can bring you the best, most … WebBusiness expenses (external link) — Inland Revenue. Business expenses are: Day-to-day revenue expenses for running your business, eg advertising or wages. Assets you buy, eg machinery, computers or tools, which are … signs of hypothyroidism disease