Cents per Kilometre Deduction Rate for Car Expenses 2018

Original Published Date
Tax Category
Resource Type
Statement of formula / rates and thresholds

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.