Km Rate 2024 Nz. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 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.
The rates are $1.04 for petrol, diesel, hybrid and. 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 2023 year, being the year 1.