2019 Mileage Rate The 2019 mileage rate has finally been released by Inland Revenue. This is the rate which applies to the income year ended 31 March 2019. Petrol or Diesel Engines For petrol or diesel powered cars, the rate per kilometre is now 79 cents, up from 76 cents in 2018. This applies to […]
New Mileage Rate Method Announced A new mileage rate method has been announced by Inland Revenue. Every year the department sets out the rates for various categories of vehicles that are used for business purposes and for personal use. To date there have been two options. The ‘Kilometre Rate’ method, often referred to as the
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Mileage Rate change The IRD announced recently that for the second year running they have reviewed the mileage rate down. In 2015, the IRD moved the mileage rate down from 77c per kilometre to 74c. Effective for the 2016 tax the rate is now 72c per kilometre. The IRD have justified the reduction by stating that
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