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The IRD have released their mileage rates for the 2017 year. For both petrol and diesel vehicles this has been set at 73 cents per kilometer.
New rates have also been introduced for Hybrid and Electric vehicles as follows:
The above rates are effective from 1 April 2016. If you have been using the prior year rates to reimburse employees or for preparing your tax return the IRD do not expect you to go back an amend these. Please use the new rates going forward.
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