Standard Mileage Rate 2024 Malaysia. For example, you can set the first 20 km at rm2.50 per km and. 26, jalan tun hussein, presint 4, 62100 w.p.
Travel allowance is to help the employees meet the cost of commuting to work while the mileage reimbursement is to compensate the staff for the use of their personal vehicles in carrying out their official work. Effective january 1, 2024, the standard mileage rate for business vehicle use has increased to 67 cents per mile, up from the 2023 rate of 65.5 cents per mile.