Cents per Kilometre Deduction Rate for Car Expenses 2018

Original Published Date: 

19/07/2018 - 11:15am

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.

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