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July 14, 2025
The IRD has announced new kilometre rates for the income year 1 April 2024 to 31 March 2025. This year marks a significant shift: separate Tier 1 rates now apply to different types of vehicles, reflecting the varying costs of fuel, maintenance, insurance, depreciation, and electricity. Vehicle TypeTier 1 rate per km (first 14,000km)Tier 2 rate...
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