LI 2020/129
Issued
27 Jul 2020
Start
01 Jul 2020

Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2020

This Order in Council reduces the fringe benefit tax (FBT) prescribed rate of interest for low-interest employment-related loans from 5.26% to 4.50%.

Tax Information Bulletin Vol 32 No 7 - August 2020

Income Tax Act 2007: sections RA 21(3) and (4)