Mileage rates nz

Just a wee query - are the AA/IRD mileage allowance rates (currently 77c per km) GST-exclusive or GST-inclusive? I always thought these were GST-inclusive (as the components used in the calculations all seem to be GST-inclusive), but the Ministry of Justice website says they are GST-exclusive.

3 Aug 2018 the kilometre rate;; NZ Automobile Association mileage rates; or; actual costs. If you're a close company with shareholder-employees, you can  28 Aug 2018 It says the new rate is $0.76 per kilometre, for all vehicles including electric cars. The ministry says IRD has not re-issued a separate rate for  The mileage rate for motor vehicles is 73 cents per kilometre for both petrol and see: http://www.ird.govt.nz/business-income-tax/expenses/mileage-rates/  (a) The University has a mileage reimbursement rate of $0.79 per kilometre (km) for the first (d) The reimbursement rate will not apply to those staff who have other rates contact the Financial Controller on financial.controller@otago.ac.nz   Disability Allowance is a weekly amount (up to $64.29) for people who have regular, ongoing additional costs because of a disability or health condition. Taxi fare tables (km and miles). Given two addresses in New Zealand, it finds the distance between them and estimates the fare for taxi services. 22 May 2018 Update - The following are the rates per kilometre that will apply for the 2017/18 income It is no longer tax-deductible as the mileage rate covers this. in New Zealand may need to register for, collect and return Goods and.

- the IRD mileage rate - rates published by a reputable independent New Zealand source representing a reasonable estimate (for example New Zealand Automobile Association mileage rates), or - actual costs. Yours sincerely, K Eagan

A recent review of the Commissioner’s mileage rate, results in a reduction to the rate to 72 cents per kilometre for both petrol and diesel fuel vehicles for the 2016 income year. The weighted average rate of 0.71975 cents per kilometre is calculated for the 2016 income year, compared to a weighted average of 0.73971 for the 2015 income year. By Veronica Harley and April Wong. On 15 May 2017, the Commissioner of Inland Revenue released the results of her review of the mileage rates for expenditure incurred for the business use of a motor vehicle. The review resulted in an upward adjustment of the mileage rate from 72 cents in 2016 to 73 cents for the year ended 31 March 2017 for petrol and diesel vehicles. - the IRD mileage rate - rates published by a reputable independent New Zealand source representing a reasonable estimate (for example New Zealand Automobile Association mileage rates), or - actual costs. Yours sincerely, K Eagan Employee’s entitlements to allowances over and above salary or wages. There is no specific legal entitlement to allowances. The payment of and level of allowances, over and above salary or wages, can be agreed to by the employer and employee. Provider rates & special rates. Provider rates shifted to GST exclusive figures on 13 September 2010. The hourly and fixed rates have not changed except for some rounding off. The hourly rates are set according to the forum category for the proceedings, the level of provider experience and the fees set for a specific service. Criminal fee rates These are paid to employees for travel between their home and work. These are usually taxed via PAYE but will be tax-free for employees: working outside their normal hours, eg overtime, shift or weekend work The following table summarizes the optional standard mileage rates for employees, self-employed individuals, or other taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes.

1 Apr 2018 a mileage rate for use by a self-employed person to Email: ascatchard@ deloitte.co.nz estimate of rates will broadly mirror the New Zealand.

For a petrol or diesel car, the rate is 26 cents per kilometre. For a petrol hybrid car, it’s 18 cents per kilometre and for an electric car, it’s 9 cents per kilometre. UPDATE: The 2019 mileage rates have been announced. To learn more, click on the link here. the Commissioner’s published mileage rate as a reasonable estimate of costs to reimburse employees for the use of their private vehicle, then beware, the rules have changed with effect from 1 April 2018. Essentially, the flat mileage rate has been replaced with a more complicated two-tier set of kilometre rates which If the employee does not maintain a logbook or other records, the tier one rate can be used to reimburse a maximum of 3,500km per annum of work related mileage. Many employees will comfortably fall under the 3,500km threshold. Just a wee query - are the AA/IRD mileage allowance rates (currently 77c per km) GST-exclusive or GST-inclusive? I always thought these were GST-inclusive (as the components used in the calculations all seem to be GST-inclusive), but the Ministry of Justice website says they are GST-exclusive. We understand that these rates will broadly mirror the New Zealand Automobile Association rates which are published annually, although there may be some differences. The key message for employers who have been historically using the Commissioner’s mileage rate is to consider how practical it will be to comply with the new kilometre rate method. These mileage rates are: Hybrid - 73 cents per km Electric - 81 cents per km For both Hybrid and Electric vehicles, our data shows that although these types of vehicle have lower running costs, these are offset by higher fixed costs. Tax rates for businesses Businesses and organisations pay income tax on their profit. Income tax for companies Imputation credits, losses and filing for different sorts of companies. Income tax for partnerships Partnerships do not pay income tax on their profits. Instead the profit or loss is shared between the partners.

Just a wee query - are the AA/IRD mileage allowance rates (currently 77c per km) GST-exclusive or GST-inclusive? I always thought these were GST-inclusive (as the components used in the calculations all seem to be GST-inclusive), but the Ministry of Justice website says they are GST-exclusive.

22 Sep 2017 The Disability Allowance helps to cover the extra costs of medical help, equipment, transport and running your home when you have an  19 Jun 2017 The Inland Revenue Department reviews its published mileage rate annually. In May, the IRD announced an increased rate of 73c a kilometre 

The rates set out in the table below are effective from 1 April 2019. Age of Child/ Young Person. Weekly Rate. Weekly Pocket Money. Birthday and. Christmas 

22 May 2018 Update - The following are the rates per kilometre that will apply for the 2017/18 income It is no longer tax-deductible as the mileage rate covers this. in New Zealand may need to register for, collect and return Goods and.

1 May 2018 Read about New Zealand tax rates here. The income tax rates in New Zealand are as follows: Standard mileage rate for motor vehicles. 26 Oct 2018 Workers from across four of the major providers in New Zealand have spoken to RNZ For Etevise, that mileage rate just was not enough. Motor vehicle expenses are generally deductible for income tax purposes, if the vehicle is used to help earn income for the business. It is important to note that:. 20 Aug 2015 Employers can also choose to use an alternative estimate from a reputable source such as the NZ Automobile Association. The mileage rate  22 Sep 2017 The Disability Allowance helps to cover the extra costs of medical help, equipment, transport and running your home when you have an