ATO updates ‘cents per kilometre’ rate for individuals

July 14, 2022 | Robyn Bull

The ATO has updated the cents per kilometre rate relating to individual car expenses for the 2023 income year to 78 cents per business kilometre.

The cents per kilometre method:

The cents per kilometre rate was 72 cents for the 2021 and 2022 income years.

 

 

 

 

Thumbnail image credit: <a href=”https://www.freepik.com/vectors/fuel-station”>Fuel station vector created by pch.vector – www.freepik.com</a>