Mileage Allowance 2024 Nz. You can claim vehicle expenses using ird’s reimbursing rate, (x cents per kilometre) but you’ll need to keep an ongoing log of all your business trips all year round. You can pay a cash allowance to an employee for travel between home and work.

The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs. Sole traders or qualifying close companies can use the kilometer rate method to claim business vehicle costs;