Inland Revenue is currently working through changes to the FBT system.
The stated intentions are to reduce complexity and better targets benefits received in substitution of remuneration.
It is expected that the changes to FBT will be included in this year’s tax legislation and take effect from 1st April, 2025. We will continue to monitor the situation and provide updates as necessary.
If you have any questions or concerns in relation to the proposals please get in touch with us to discuss.
The stated intentions are to reduce complexity and better targets benefits received in substitution of remuneration.
It is expected that the changes to FBT will be included in this year’s tax legislation and take effect from 1st April, 2025. We will continue to monitor the situation and provide updates as necessary.
If you have any questions or concerns in relation to the proposals please get in touch with us to discuss.
