Fringe benefit tax (FBT) is arguably one of the most controversial and costly taxes for any New Zealand business to administer. The fifth edition of this practical book uses worked examples, case studies and checklists to illustrate the meaning of the law and the context in which FBT might arise. 

This new edition has been updated in light of new Inland Revenue rulings on car parks and life and accident insurance premiums, as well as new commentary on inter-company loans.

Topics covered include:

• key concepts and definitions
• distinction between cash and non-cash benefits
• motor vehicles
• employment-related loans and other specific benefits
• unclassified benefits
• exclusions from FBT
• options for calculating FBT
• selected FBT issues, including charities and inbound/outbound employees
• commonly asked questions
• FBT planning opportunities.

It is an invaluable resource for employers, business owners, shareholder–employees, payroll managers, financial controllers, accountants and legal professionals.

Read a sample of commonly asked questions on FBT.