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ATO announces new mileage rates for 2024-25

The Australian Taxation Office (ATO) has announced an update to the cents per kilometre rate for business driving. Effective from 1 July 2024 to 30 June 2025, the new rate stands at $0.88 per kilometre.

2023-24 Income Year: ATO raises cents per kilometre rate

The cents per kilometre rate now stands at 85 cents per business kilometre. Gain insights into how this adjustment can maximize your reimbursements or deductions.

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