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Budget 2025 | The Government has introduced changes to Working for Families and KiwiSaver as well as introducing Investment Boost: an immediate tax deduction when acquiring new business assets. Find out more: www.budget.govt.nz

The 2024-2025 kilometre rates have been published. They are shown in the table below.

Vehicle type Tier 1 rate per km Tier 2 rate per km
Petrol $1.17 37 cents
Diesel $1.26 35 cents
Petrol hybrid 86 cents 21 cents
Electric $1.08 19 cents

You can also find the table of rates for the 2024-2025 income year on our Tax Technical website.

Tax Technical website

 

Last updated: 09 Jun 2025
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