ATO Increases the Cents Per KM Rate for the 20222023 Tax Year

2023 Cents Per Km Rate. Car Expenses 2023 cents per kilometre increase Robinson Voss Partners The ATO has updated the cents per kilometre rate relating to individual car expenses for the 2023 income year to 78 cents per business kilometre For rates prior to 2023-24, see Cents per kilometre method

The rates are usually reviewed and updated each year The current rate for the 2023-24 income year is 85 cents per kilometre

New 2023 IRS Standard Mileage Rates WorldNewsEra

The rate for the 2022-23 tax year is 78 cents per kilometre The current rate for the 2023-24 income year is 85 cents per kilometre The rate is: 88 cents per kilometre for 2024-25; 85 cents per kilometre for 2023-24; 78 cents per kilometre for 2022-23; 72 cents per kilometre for 2020-21 and 2021-22; 68 cents per kilometre for 2018-19 and 2019-20; 66 cents per kilometre for 2017-18

Cents Per Kilometre Rate Change YouTube. The ATO cents per km rate is: $0.85 cents per business-related kilometre The ATO's per kilometre car expense claim rate for 2024-25 is 88 cents per km

Electric Vehicle Per Km Cost Allie Andriette. The rate for the 2022-23 tax year is 78 cents per kilometre 2024-25: use 88 cents per kilometre; 2023-24: use 85 cents per kilometre; 2022-23: use 78 cents per kilometre; 2020-21 and 2021-22: use 72 cents per kilometre; for rates in earlier years, see Prior year tax return forms and schedules