IRD Kilometre Rates
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IRD Kilometre Rates have recently been updated.
Kilometre rates for business use of vehicles 2018-2019 income year.
- Vehicle Type
- Petrol or Diesel
- Petrol Hybrid
- Electric
- Tier One Rate
- 79 cents
- 79 cents
- 79 cents
- Tier Two Rate
- 30 cents
- 19 cents
- 9 cents
Tier one rates should be used for the business portion of the first 14,000 km’s travelled by the vehicle in a year.
Tier two rates are to be used for the business portion of any business travel in excess of 14,000 km’s.
Kilometre rates must be used in conjunction with a log book which must be kept for a period of 3 months, every 3 years.
**For full details on claiming vehicle expenses using kilometre rates, please see the IRD website
