Mileage Rate 2024 Ird. Tier 1 rates have reduced to reflect lower fuel,. The 2024 mileage rate applies to all miles you drive starting january 1, 2024 through december 31.


Mileage Rate 2024 Ird

If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1 april. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km.

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