IRD Kilometre Rates released for 2025 year
The Commissioner of Inland Revenue conducted a review and has released on 30th May 2025 their Operational Statement in relation to the Kilometre rates for the business use of vehicles for the 2025 year. The rates actually relate to the 2024/2025 financial year and are used to determine a business tax deduction for motor vehicles used by a self employed business owner or close company. They can do this by… Read more