Standard Mileage Rate 2024 Nz. Effective january 1, 2024, the standard mileage rate for business vehicle use has increased to 67 cents per mile, up. Hence, a small car up to 1.5 litre is 53.2c per km and the rate goes up depending on the car to $1.07 per km for a large car over 3.5 litres.
The rates set out below apply for the 2022/2023 income year for business motor vehicle expenditure claims. Hence, a small car up to 1.5 litre is 53.2c per km and the rate goes up depending on the car to $1.07 per km for a large car over 3.5 litres.