cents per km rate
Blog. On the 1st July 2015, the ATO reduced the cents per km rate to 66 cents per km. If you have adopted the cents per km taxation method to calculate travel allowances, you may be required to withhold an amount from the allowance payment.. Payments made at or below the ATOâs rate (66 cents per km) up to 5,000 kilometres are not taxed at the time of payment. 2. If payments are made for travel less than 5,000 kilometres but above the ATOâs rate, then only the amount in excess of the ATOâs rate is taxed at the time of payment.