employee, reimbursement, vehicle
83 Cents
IRD have issued a new mileage rate to be used when reimbursing vehicle use. The new rate is 83 cents per km.
The new rate is effective for the 2022 financial year and onwards and applies to all vehicles.
There are still the alternatives to using the above rate, which can be either using other published rates from reputable sources such as AA or calculating the actual running costs.
For more information, click here