Different vehicle types are entitled to different mileage rates. The table of rates for the 2022/2023 income year for motor vehicle expenditure claims.
To help in calculating an employee’s reimbursement when they use their private vehicle for work. You can use kilometre rates to work out allowable expenses for business of a vehicle.
Different Vehicle Types Are Entitled To Different Mileage Rates.
You can use kilometre rates to work out allowable expenses for business of a vehicle.
Section De 12 (3) Requires That The Commissioner Sets A Mileage Rate That Taxpayers May Use To Calculate The Expenditure Or Loss On A Motor Vehicle That Represents The Proportion.
To help in calculating an employee’s reimbursement when they use their private vehicle for work.
Images References :
The Table Of Rates For The 2022/2023 Income Year For Motor Vehicle Expenditure Claims.
Using these rates means less chance of people getting a tax bill at.
This Is Tax Free If It Reimburses Their Additional Transport Costs And They:
As you say, the ird rate is 77c per km, however the aa rates are also acceptable to the ird, but are calculated on the type of vehicle.