Ird Vehicle Mileage Rate 2024 Nz. For the 2024 income year, both the tier 1 and tier 2 rates have increased from 2023, reflecting an overall increase in vehicle. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km.

The total mileage will be claimed at the current year’s. Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre.