WebNew 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 … Web17 mrt. 2024 · insurance, Warrant of Fitness, registration, road use charges and. the cost of parking. You can also claim a deduction on the depreciation of your vehicle. You have two options for working out your vehicle expenses for business purposes: Keep a log book over a 90-day period, of your vehicle’s mileage for private use and for business use.

2024 Standard Mileage Rates Business Mileage Rates - Adams …

Web1 feb. 2024 · Mileage Claim 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 year round. The total mileage will be claimed at the current year’s rate in … WebTo calculate the reimbursement allowance, you need the employee to provide a receipt. This needs to be based on average costs and be a reasonable amount. Add the amount of … spz elearning

Kilometre rates for the 2024-2024 income year - ird.govt.nz

Webwww.taxpolicy.ird.govt.nz Web27 jan. 2024 · Beginning January 1, 2024, standard mileage rates for car usage (including vans, pickups, or panel trucks) will be: 58.5 cents per mile driven for business use. This is an increase of 2.5 cents from the 2024 rate. 18 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces. Web29 dec. 2024 · IRS issues standard mileage rates for 2024; business use increases 3 cents per mile. IR-2024-234, December 29, 2024. WASHINGTON — The Internal Revenue … spz cottbus fax