Standard Mileage Rate 2024 Nz. The table below outlines the rates you can claim for business motors vehicle expenditure for the 2024 income year. The current approved payment is $.635 (63.5 cents) per kilometre.
The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs;