New Motor Vehicle Rates from 1 July 2018
Cents per kilometre rate
The Australian Taxation Office has advised that the cents per kilometre rate has been increased to 68 cents per kilometre from the 1 July 2018.
The cents per kilometre rate is applicable for businesses paying their employees a motor vehicle allowance based on the number of kilometres they travel. For example, if an employee travelled 250 kilometres, the new allowance payable to them is $170 compared to $165 as was the case before the 30 June 2018.
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