Standard Mileage Rate 2024 Nz. These rates can be used to calculate expenditure claims for the business use of a motor vehicle. The rates set out below apply for the 2023/2024 income year for business motor vehicle expenditure claims.

If you are a sole trader or qualifying close company and use the kilometer rate method to claim business vehicle costs, this new rate applies for the 2023 year, being the year. These operational statements provide further information on the use of the kilometre rates: