Fringe Benefit Tax

Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer. Examples include motor vehicles, low-interest loans, free, subsidised or discounted goods and services, employer contributions to funds, insurance and superannuation schemes and other benefits.

In your fringe benefit tax (FBT) return, you will need to show the taxable value of benefits provided in each of four categories and the amount of FBT payable. All employers and businesses that provide fringe benefits must file regular FBT returns.

The four categories are:

  • Motor vehicles
  • Low interest loans
  • Subsidised or discounted goods, services and/or transport, and
  • Employer contributions

You have certain choices in the calculation of FBT comprising three methods:

  • Flat-rate
  • Multi-rate, or
  • Short form multi-rate

Refer to the IRD website(or contact us) for more information on how fringe benefit tax is applied and calculated.

Contact Details

Phone: (09) 298-2511

Fax: (09) 298-2517

Email: info@cpca.co.nz

Calendars and Key Dates

20 May-Employerschedules due

7 May - GST return and payment due / Provisional tax due

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