Skip to main content

Delays to response times: It is taking longer than usual for us to answer calls and myIR messages. This is because of the demand for COVID-19 business support, and the impact COVID-19 is having on our teams. We appreciate your patience and will respond as soon as we can. If possible, please contact us through your myIR account. Log in to myIR

COVID-19 Support Payment (CSP): Applications for the CSP are now closed. Due to the large number of applications for the CSP, there may be a delay in approving some applications. Find out more about the CSP

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Different types of benefits are listed separately in the fringe benefit tax (FBT) taxable value calculation. This means you need to keep separate records for the different types of fringe benefits you provide employees.

Your records must show the following details:

  • date of the transaction
  • name of the employee receiving the benefit
  • a description of the benefit provided
  • any cost to employee
  • cost to the employer for goods
  • normal market price for services
  • highest price charged to the general public for subsidised transport.

You should also keep tax invoices, where appropriate.

Last updated: 18 Jun 2021
Jump back to the top of the page