Original Published Date
Status
Current
Tax Category
Payroll
Resource Type
Statement of formula / rates and thresholds
Description
The cents per kilometre deduction rate for motor vehicle expenses is 68 cents per kilometre, for the income year commencing 1 July 2018.
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.
For more information, refer to the Federal Register of Legislation.
Link Resource