Ird Kilometer Rate 2024. This rate applies to self employed taxpayers with up to a maximum of 5,000. The tier one rates reflect an overall increase in vehicle running.

This new rate applies for the 2024 year (i.e., 1 april 2023—31 march 2024, assuming a standard balance date). The table below outlines the rates you can claim for business motors vehicle expenditure for the 2024 income year.