Tax Facts
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.
The four main groups of fringe benefits are:
 |
Motor
vehicles (refer to the IRD website for more
information on how to calculate) |
|
Low-interest
loans other than low-interest loans provided
by life insurance companies |
| |
Free, subsidised or discounted goods
and services, including subsidised transport
for employers in the public transport business |
|
Employer
contributions to sick, accident or death benefit
funds, superannuation schemes and specified insurance
policies |
Gifts, prizes and other goods are fringe
benefits. If you pay for your employees' entertainment
or private
telecommunications use, these benefits may also
be liable for fringe benefit tax.
Refer to the IRD website for more information on how
fringe benefit tax is applied and calculated on:
If you would like further information
on whether FBT is payable and how this is calculated
just give us a call.
|
ACC Premiums
