Nz Mileage Rate 2024. Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre. The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and.

This new rate applies for the 2024 year (i.e., 1 april 2023—31 march 2024, assuming a standard balance date). If you’re making a reimbursement payment to someone, the current rate applies until we provide the new rate.