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Whiriwhiria

Fringe benefit tax alternate rate (formerly multi-rate) calculator

 

About this calculator

This calculator will calculate FBT to pay on an employee-by-employee basis.

Use of this tool does not result in data being submitted to us.

When to use this calculator

Use this calculator if you file on a quarterly basis. These calculations need to be completed as part of the fourth or final quarter return, otherwise the calculations are part of your annual return.

This calculator will take about 10 minutes to complete.

What you will need

You will need the following information to complete your alternate calculations:

  • cash remuneration - details for each employee where the benefit they received has been attributed to them, and
  • attributed fringe benefits - benefits that have been attributed to individual employees.
After you finish

After you've calculated FBT for all of your employees, you can either:

  • use the FBT alternate rate calculation sheet provided with your FBT return and transfer the information from this calculator across, or
  • set up your own worksheet to add all the FBT payable data together.

Remember, you must also:

  • include calculations for non-attributed or pooled benefits taxed at the single rate option (formerly flat rate) of either:

    For 2009 tax year and prior 49% or 64% for major shareholders-employees
    For 2010 tax year 49% or 61% for major shareholders-employees
     
  • make an adjustment for the FBT assessed in quarters one to three if you are a quarterly filer.

 

No information you provide while using the calculator is recorded, saved or in any way referenced by Inland Revenue. The calculator is stored on a secure part of our website to prevent unauthorised interception. If you are unable to access the calculator, you may need to update your browser and/or firewall settings.

 

 

 

 


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