Standard Mileage Rate 2024 Nz. The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. This new rate applies for the 2024 year (i.e., 1 april 2023—31 march 2024, assuming a standard balance date).
The tier 1 rate is a combination of your vehicle’s fixed and running costs for the business portion of the first 14,000 kilometres travelled by the vehicle in a. After 14,000 km the rates are lower, and differ depending on vehicle type.