Fringe Benefits Tax (New Zealand)
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Fringe Benefits Tax (FBT) within the system of taxation in New Zealand is the tax applied to most, although not all, fringe benefits ("perks"), including the ones provided through someone other than an employer. It is governed by the Taxation (Depreciation, Payment Dates Alignment, FBT and Miscellaneous Provisions) Bill of the Parliament of New Zealand.
The categories of benefits include motor vehicles, low-interest loans, free, subsidised or discounted goods and services, employer contributions to funds, insurance and superannuation schemes and other benefits.
As of 2006, there are three methods of rate calculation for FBT: flat rate (64%), multi-rate and short form multi-rate options. FBT filing may be quarterly, finance year, or annual tax returns.
