Mileage Rate 2024 New Zealand Travel. The tier one rates reflect an overall increase in vehicle running costs largely due to fuel costs, insurance and interest rates. While the rates have increased, many will be surprised the rate increase was not.

You can claim vehicle expenses using ird’s reimbursing rate, (x cents per kilometre) but you’ll need to keep an ongoing log of all your business trips all year round. The tier one rates reflect an overall increase in vehicle running costs.