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Cents per km reimbursement rate 2022
Cents per km reimbursement rate 2022










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CENTS PER KM REIMBURSEMENT RATE 2022 PROFESSIONAL

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

cents per km reimbursement rate 2022

18 cents per mile for medical or moving purposes, up 2 cents from 2021. 58.5 cents per mile for business miles driven, up 2.5 cents from 2021. Beginning on January 1, 2022, the standard mileage rates for the use of a car, van or truck will be. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Today the IRS announced the mileage reimbursement rates for 2022. To work out how much you can claim, multiply the total business kilometres you travelled by the rate. uses a rate that takes all your vehicle running expenses (including registration, fuel, servicing and insurance) and depreciation into account.

cents per km reimbursement rate 2022

  • doesn't require written evidence to show exactly how many kilometres you travelled (but we may ask you to show how you worked out your business kilometres, for example diary records).
  • allows you to claim a maximum of 5,000 business kilometres per car, per year.
  • uses a set rate for each kilometre travelled for business.
  • Only use this method if you are a sole trader or partnership (where at least one partner is an individual) claiming for a car. Check how sole traders and some partnerships can use the cents per kilometre method for car-related business expenses.










    Cents per km reimbursement rate 2022