Motor Vehicle Mileage Rate 2024 Nz. 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. If you’re going the mileage route, you can’t claim your vehicle’s depreciation as it’s already included in this method!
Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre. Using the tier 1 and tier 2 rates.