IRD'S mileage rate
increases for the 2017 income year
IRD'S mileage rate increases for the 2017 income year
The IRD's mileage rates for the 2017 income year for vehicles with business travel of 5,000 or less in an income year have been set as follows:
- Petrol vehicles - 73 cents/km
- Diesel vehicles - 73 cents/km
- Hybrid vehicles - 73 cents/km
- Electric vehicles - 81 cents/km
Employers can also choose to use an alternative estimate from a reputable source such as the NZ Automobile Association.
For the 2018 income year onwards, the IRD has made changes to its mileage rates. Specifically, the 5,000km limit will be removed and a new two-tier mileage rate calculation will apply.
The IRD is yet to publish the mileage rates for this new two-tier system.