Mileage Rate 2024 Australia 2024. Use the fuel tax credit calculator to easily work out the amount to report on your business activity statement. See how the rate has changed, why, and how to.
If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is, 1 april. The mileage rate includes all vehicle running expenses and depreciation, such as registration, fuel, servicing and insurance.
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