The cents per km rate for claiming work-related motor vehicle expenses for the year commencing 1 July 2016 is 66c/km (this is the same rate as for 2015-16).
The rate was set in a legislative instrument made 1 July and registered on 4 July 2016 (under s28-25(4) of the ITAA 1997, which allows the Commissioner to determine the rate for the cents per kilometre method for an income year).
Taxpayers can claim a maximum of 5,000 business kilometres per car. Under this method, they don’t need written evidence but need to be able to show how they worked out their business kilometres (eg by producing diary records of work-related trips).
[Legislative Instrument] [LTN 127, 5/7/16]