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Kilometre rates for business use have been increased for the 2023 financial year.
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Kilometre rates for the business use has been increased for the 2023 financial year.
The IRD kilometre rates have been increased for the 2023 financial year, the increase has been particularly fuelled by increased fuel prices.
When reimbursing employees for the using their motor vehicle for business use, please use the following rates:
The Tier Two rate is for running costs only. Use the Tier Two rate for the business portion of any travel over 14,000 kms in a year.
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