Income tax Dates
FEB 7End-of-year income tax and Working for Families bills are due, unless your tax agent has an extension of time to file your income tax return.
FEB 28AIM instalments are due if you have a March balance date.
FEB 28Provisional tax payments are due if you have a March balance date and use the ratio option.
Use the following rates to calculate the allowable expense for using your vehicle for business purposes for the 2020-2021 income year.
Tier 1 rates have reduced to reflect lower fuel, interest and maintenance costs.
Using the Tier 1 and Tier 2 rates
The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel.
The Tier 2 rate is for running costs only. Use it 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||79 cents||27 cents|
|Petrol hybrid||79 cents||16 cents|
|Electric||79 cents||9 cents|