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FBT Common errors campaign

Greg Millar
Published on

Getting fringe benefit tax right

Fringe benefit tax (FBT) can be seen as a complicated and confusing tax for people to understand and calculate accurately.

nz inland revenue ird copyThere are a few common mistakes that get made or myths about when you may be exempt from FBT.

During October, the IRD is running a campaign to help taxpayers avoid unintentional errors and make sure they’re making the correct FBT payments. You may have seen some of the digital ads from 3 October.

From 11 October, the IRD will also be sending letters to their FBT customers or their tax agents (if a mail redirect is in place).

For more information, contact the award-winning team of Chartered Accountants at Alliott NZ in Auckland, or visit the IRD's FBT awareness campaign here »

Source: NZ IRD

Topics: FBT IRD New Zealand