Kilometer Rate 2024 Nz. This new rate applies for the 2024 year (i.e., 1 april 2023โ31 march 2024, assuming a standard balance date). In accordance with s de 12 (4) the commissioner is required to set and publish kilometre rates.
Tier 1 rates have reduced to reflect lower fuel, interest and maintenance costs. If you are a sole trader or qualifying close company and use the kilometer rate method to claim business vehicle costs, this new rate applies for the 2023 year, being the year 1 april 2022โ31 march 2023 if you have a standard balance date.