2024 Mileage Rate Nz 2024. The tier one rates reflect an overall increase in vehicle running. For the 2024 income year, both the tier one and tier two rates have increased from 2023, reflecting an overall increase in vehicle running costs largely due to fuel costs,.
The 2024 income year rates were published on 30 may 2024. These rates can be used to calculate expenditure claims for the business use of a motor vehicle.