Current Mileage Reimbursement Rate 2024. The tier one rates reflect the fixed and variable costs of running a vehicle and can be used for the first 3,500km of business travel, or the business portion of the first 14,000km of total travel in the vehicle. As of january 1, the standard mileage rates for 2024 are as follows:

67 cents per mile driven for business use, up 1.5 cents from 2023. The tier one rates reflect the fixed and variable costs of running a vehicle and can be used for the first 3,500km of business travel, or the business portion of the first 14,000km of total travel in the vehicle.