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.

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.

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