Proposed FBT Changes in New Zealand - What You Need to Know
Inland Revenue has recently released proposals for significant changes to New Zealand's Fringe Benefit Tax (FBT) system. These changes are aimed at simplifying compliance and modernising the rules, particularly around motor vehicles and other non-cash benefits provided to employees.
While the proposals are still under consultation and not yet finalised, they represent the most substantial review of the FBT regime in decades.
We're keeping a close eye on developments and will provide tailored updates to our clients once the changes are confirmed, and more details are available.
What's Next?
There is no action required from you at this stage. Once the final rules are announced, we will be in touch to explain what the changes mean for your business and how to stay compliant.
If you have any immediate questions or concerns, please contact one of our team to discuss.
The DCH Team
