WebFeb 24, 2024 · The IRD mileage rate for 2024 is 77 cents per kilometer for the first 5,000 kilometers driven for business purposes and 72 cents per kilometer for all kilometers … WebThe IRD mileage rates have been updated for the 2024/18 year to 73 cents per kilometre for petrol, diesel and hybrid vehicles. They have also introduced a new rate of 81 cents per …

Tax services Deloitte New Zealand

WebThe tier one rates reflect a decrease in overall vehicle costs largely due to lower fuel costs in response to reduced global demand (Covid-19 pandemic) and reduced interest and … WebDeloitte offers clients a broad range of fully integrated tax services. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help your company excel. Digital Tax - Transforming the way we work. small atmospheric vortex genshin

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

WebWe publish the kilometre rates after each tax year ends on 31 March. We usually publish the rates for the tax year just ended by May. If your vehicle is petrol, diesel, hybrid or electric you can use either method. You need to continue to use … Web6. The various rates for selected vehicle types are made up of two tiers. 7. The Tier One rate is a combination of the vehicle’s fixed and running costs. The Tier One rate applies for the business portion of the first 14,000 kilometres travelled by the motor vehicle in an income year. 8. The Tier Two rates provide only the running costs. Web• total mileage for the year ... • From 1 April 2024 to 31 March 2024, Joe incurs interest expenditure of $20,000, but 50% of this ($10,000) is deductible. When completing his 2024 income tax return, Joe will enter $20,000 into ... rent at 80% or more of market rates. ird.govt.nz 61. Interest limitation rules and mixed-use asset rules small atlanta gas stations