Employing staff Dates
JUL 20Employer deductions payment due for 1 to 15 July if you deduct more than $500,000 PAYE and ECST per year.
JUL 20Employer deductions payment due for June if you deduct less than $500,000 PAYE and ESCT per year.
JUL 20Your FBT quarterly return and payment are due for the period ending 30 June if you have a March balance date.
The taxable value of a low interest loan is the difference between the actual interest on the loan and what the interest would be if this was calculated at the prescribed rate or the market rate.
Gather your information
You will need the:
- employee’s name
- interest rate %
- market rate %
- market rate interest
- prescribed interest rate
- actual interest
- loan balance.
To keep track of the FBT on multiple loans you can also add details such as the year the loan was granted.
Enter the details into our calculator
Select the rate and add GST-exempt or zero-rated fringe benefits
Select either the standard rate or alternate rate.
Add any GST-exempt or zero-rated fringe benefits.
Use this calculator to work out FBT on all benefits provided when you file quarterly FBT returns.Go to this tool
Use this calculator to work out FBT on all benefits provided when you file income year FBT returns.Go to this tool