Original Published Date
Statement of formula / rates and thresholds
The cents per kilometre deduction rate for motor vehicle expenses is now 78 cents per kilometre, commencing 1 July 2022.
This rate applies to all eligible taxpayers who elect to use the cents per kilometre method when calculating income tax deductions for their work-related car expenses.
This rate will apply until a new determination is made.
For more information, refer to the Federal Register of Legislation
For the 2021-22 income year there was no change to the Cents per Kilometre Deduction Rate for Car Expenses.
The 2020 and 2021-22 rates were both 72 cents per kilometre.
|Cents per Kilometre Deduction Rate for Car Expenses 2022 Determination||29 Jun 2022|
|Cents per Kilometre Deduction Rate for Car Expenses 2020||26 Jun 2020|
|Cents per Kilometre Deduction Rate for Car Expenses 2018||19 Jul 2018|
Last modified date