An employer who provides a fringe benefit to an employee (or a shareholder-employee) may have to pay fringe benefit tax (FBT). The Commissioner has published several items on FBT. This overview sets out these items, organised by subject.
TDS 24/07 Suppressed cash sales, GST and evasion shortfall penalties
TDS 24/06 Sale of property and the bright-line test
DEP 111 Horticulture LED grow light systems
DET 24/01 Amortisation Rates for Listed Horticultural Plants
This Determination sets out the amortisation rates (based on diminishing values) for listed horticultural plants as determined by the Commissioner of Inland Revenue and listed in the schedule to this Determination. The Determination is made under section 91AAB of the Tax Administration Act 1994.
The Determination applies from the 1 April 2023 and subsequent income years. Its application may be supplemented or changed by supplementary Determinations pursuant to subsection 91AAB(4) of the Tax Administration Act 1994.
Vol 36 No 3 TIB - April 2024
New legislation
- SL 2024/17 – Tax Administration (Reportable Jurisdictions for the Application of CRS Standard) Amendment Regulations 2024
Determinations
- NSC 2024: National standard costs for specified livestock determination 2024
- ITR35: 2024 International tax disclosure exemption
Technical decision summary
- TDS 24/03: Fringe Benefit Tax: discounted goods provided by third party
CFC 2024/02 Non-attributing active insurance CFC status (Tower Limited)
CFC 2024/06 Non-attributing active insurance CFC status (Tower Limited)
CFC 2024/05 Non-attributing active insurance CFC status (Tower Limited)
CFC 2024/01 Non-attributing active insurance CFC status (Tower Limited)
Reference | Title | Closes |
---|---|---|
PUB00367 | Income tax – Partnerships (including limited partnerships) – general guidance | 24 April 2024 |
PUB00364 | Employee Share Schemes | 26 April 2024 |
ED0252 | Requests to change a balance date | 03 May 2024 |
Consultation closing soon
PUB00367: Income tax - Partnerships (including limited partnerships) - general guidance
Consultation closes: 24 April 2024
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