The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Inland Revenue Department

Kilometre rate

The Commissioner has issued a new Operational Statement 18/01 – Commissioner's statement on using a kilometre rate for business running of a motor vehicle.

employers

NZ motor vehicle rate drops from 74c to 72c per km

A recent review of the Commissioner’s mileage rate results in a reduction to the rate to 72 cents per kilometre for both petrol and diesel fuel vehicles for the 2016 income year.

mileage rates

Vehicle mileage rate change

Update to calculating your vehicle mileage for tax. Whilst those who have filed their 2015 tax return are covered, it's useful getting up to date with the rate change nonetheless.

mileage rates

No change to 2014 mileage rate

The motor vehicle mileage rate is reviewed every year and the rate for 2014 will remian at 77 cents a kilomtre for both petrol and diesel fuel vehicles.

The Business Advisory Blog

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