Mileage Allowance 2024 Nz. 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 2023. However, you may be asked to substantiate the percentage claimed.

A place to discuss personal finance for new zealanders. The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs.