Kilometre rates for 2022-2023 Income year.
The table below outlines the rates you can claim for business motors vehicle expenditure for the 2022-2023 income year.
The Tier 1 rate is a combination of your vehicle’s fixed and running costs for the business portion of the first 14,000 kilometres travelled by the vehicle in a year.
The Tier 2 rate is for running costs only. Use tier 2 for the business portion of any travel over 14,000 kilometres in a year.
|Vehicle type||Tier 1 rate per km||Tier 2 rate per km|
|Petrol or diesel||95 cents||34 cents|
|Petrol hybrid||95 cents||20 cents|
|Electric||95 cents||11 cents|
Learn more about using kilometre rates HERE
Learn more about Claiming Vehicle expenses HERE