WebOperational Statements OS 19/04A: Commissioner's statement on using a kilometre rate for business running of a motor vehicle - deductions and OS 19/04B: Commissioner's statement on using a kilometre rate for employee reimbursement of a motor vehicle provide further information on the use of the kilometre rates. WebJan 31, 2024 · The IRS has announced that the standard mileage rate for business use is going up to 65.5 cents per mile driven for business purposes in 2024. Who can even take a mileage deduction? As...
Vehicle expenses - ird.govt.nz
WebMay 27, 2024 · The rates set out below apply for the 2024/2024 income year for business motor vehicle expenditure claims. The tier one rates reflect an overall increase in vehicle … WebJust a wee query - are the AA/IRD mileage allowance rates (currently 77c per km) GST-exclusive or GST-inclusive? I always thought these were GST-inclusive (as the … photo with indian flag
Are you claiming the correct rate for business kilometres travelled?
WebLower mileage rate announced New Zealand's Inland Revenue (IR) has just released its vehicle kilometre (km) rates for the 2024 income year, and it’s not good news, particularly for employers who will need to quickly update mileage reimbursement systems for the new rates. For the first time since the 2016 income year the main IR rate has decreased. WebThe IRD rate of .79 seems extremely high for an older vehicle to be run around in and we do longer trips. What are the AA rates and where can I find them please? By Cade AA Expert 3937 Posts 23 December 2024 at 9:13am WebThe Tier 1 rates recognise the fixed and variable costs of running a vehicle and can be used for the first 3,500km of business travel, or the business portion of the first 14,000km of … how does the california carbon market work