Quantcast
au iconAU

 

 

Car expenses rate rise confirmed

The increase in the cents per kilometre rate for calculating work-related motor vehicle expense deductions has now been locked in for the next financial year.

Car expenses rate rise confirmed
smsfadviser logo
Car expenses rate rise confirmed

The ATO will now raise the cents per kilometre deduction rate for motor vehicle expenses to 72 cents for the income year starting 1 July 2020.

Read more at the Accountants Daily.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox