Mileage 2024 Nz. To make claiming your business usage easier, make sure you record odometer readings at the end of every year to help determine your business mileage vs personal mileage. The increase in the tier two rates as between 2023 and 2024 may have some scratching their heads, as rates have only increased by 1c across the board, whereas electric vehicles (evs) are now subject to road user charges.
Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs; You can claim vehicle expenses using ird’s reimbursing rate, (x cents per kilometre) but you’ll need to keep an ongoing log of all your business trips all.