Ird Vehicle Mileage Rate 2024 Nz. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates.
The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. The tier one rates reflect an overall increase in vehicle running costs.