Business Mileage Rate 2024 Nz. The tier 1 rate is a combination of your vehicle’s fixed. You can use this mileage reimbursement calculator to determine the deductible costs associated with running a vehicle for medical, charitable, business, or moving.

Every year, new zealand’s commissioner of inland revenue sets the motor vehicle kilometer (km) expense rates for businesses. After 14,000 km, the rates are $0.35 for diesel and petrol vehicles, $0.21 for hybrid vehicles, and $0.12 for electric vehicles.