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.
Posted on 1 July 2024Read Story
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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.
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.