Km Rate 2024 Nz. The rates are $1.04 for petrol, diesel, hybrid and. 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,.
The tier one rates reflect an overall increase in vehicle running 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 year.