Kilometer Rate 2024 Nz. 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 2022—31 march 2023 if you have a standard balance date. The tier two rate is applied to any travel over 14,000 kilometres in a tax year.

In 2024, the moonwill interfere somewhat, with a 44 percent illuminated waxing crescent phase setting around 11:30 pm local. The table below outlines the rates you can claim for business motors vehicle expenditure for the 2024 income year.