Source: Inland Revenue Department –
Information release of the Order in Council covering the increase in the rate for calculating fringe benefit tax on employer-provided, low interest loans.
| Documents in this information release |
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| Additional information |
The Cabinet paper was considered by the Legislation Cabinet Committee on 17 November 2022 and confirmed by Cabinet on 28 November 2022. One attachment to the Cabinet paper is not included in this information release as it is publicly available: – Order in Council: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022 Note: Recommendation a. in report IR2022-454 has an incorrect date. The date the new rate will be effective from, which is correctly recorded in all other documents, is 1 January 2023 and not 1 January 2022. |
pdf – 415.56 KB – 12 pages
