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1. www.ird.govt.nz › fringe-benefit-tax-ratesFringe benefit tax rates - Inland Revenue

   www.ird.govt.nz › fringe-benefit-tax-rates

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   There are 4 different options when calculating fringe benefit tax (FBT) rates: Pooled alternate rate. The rate you can choose depends on whether: you want to calculate FBT every quarter or only once a year. You need to know your filing frequency so you can choose the available rate that best suits your business.

2. www.deloitte.com › nz › enFringe Benefit Tax season is coming | Tax Alerts - March 2022 ...

   www.deloitte.com › nz › en

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   Mar 2, 2022 · With the recent increase in FBT rates and the March 2022 fourth quarter (Q4) FBT returns due by 31 May 2022, now is an opportune time for employers to look at their FBT arrangements. Read on for a brief overview of tips and tricks as well as common pitfalls employers should be aware of when preparing Q4 FBT returns.

3. www.ird.govt.nz › - › mediaFringe benefit tax return guide 2022 - Inland Revenue

   www.ird.govt.nz › - › media

   Apr 5, 2022 · If you filed Fringe benefit tax quarterly - IR420 returns and paid FBT at the single rate of 63.93% in all of the last 3 quarters (periods ended 30 June 2021, 30 September 2021 and 31 December 2021), you have 3 choices in the fourth quarter (period ended 31 March 2022). These are: • paying FBT at the 63.93% single rate. Record the

4. www.taxpolicy.ird.govt.nz › bills › 53-65Taxation (Annual Rates for 2021–22, GST, and Remedial Matters ...

   www.taxpolicy.ird.govt.nz › bills › 53-65

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   Sep 8, 2021 · Enacted as the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 on 30 March 2022.

5. www.beany.com › en-nz › resourcesWhat is fringe benefit tax (FBT)? - Beany New Zealand

   www.beany.com › en-nz › resources

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   Feb 2, 2022 · With the FBT rate increased to 63.93%, many employers are wondering if the paperwork and tax payments are worth it. The 63.93% applies to all employees, even those whose highest tax rate is 17.5% – it’s cheaper for the employer to increase wages, rather than pay FBT.

   • Author: Kim Jenkins

6. kpmg.com › nz › en39% personal tax rate - KPMG New Zealand

   kpmg.com › nz › en

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   Dec 3, 2020 · The Government yesterday introduced, under Parliamentary urgency, legislation for the new 39% personal tax rate on income above $180,000. The new rate will apply from 1 April next year (the 2021-22 income year).

7. People also ask

   What is the new tax rate for 2021-22?

   • The new rate will apply from 1 April next year (the 2021-22 income year). The Taxation (Income Tax Rate and Other Amendments) Bill also contains a number of consequential amendments: A new Fringe Benefit Tax (FBT) rate of 63.93% for all-inclusive pay above $129,681 and the single rate and pooling of non-attributed fringe benefit calculations.

   39% personal tax rate legislation introduced - KPMG

   kpmg.com/nz/en/home/insights/2020/12/personal-tax-rate-legislation-introduced.html

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   What is FBT tax rate in 2021?

   • This link will take you to the IRD calculators (yes, there are three!), to get an indication of * Prior to 1 April 2021, the rate was 49.25%. The increase arises because FBT needs to take into account the new highest tax tier of 39% (previously 33%). When is FBT payable? The employer files the FBT return either quarterly or yearly.

   What is fringe benefit tax (FBT)? - Beany New Zealand

   www.beany.com/en-nz/resources/fringe-benefit-tax

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   What is the new fringe benefit tax rate?

   • A new Fringe Benefit Tax (FBT) rate of 63.93% for all-inclusive pay above $129,681 and the single rate and pooling of non-attributed fringe benefit calculations. A 39% Resident Withholding Tax (RWT) rate for individuals on interest income.

   39% personal tax rate legislation introduced - KPMG

   kpmg.com/nz/en/home/insights/2020/12/personal-tax-rate-legislation-introduced.html

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   How do I calculate fringe benefit tax (FBT) rates?

   • There are 4 different options when calculating fringe benefit tax (FBT) rates: Pooled alternate rate. The rate you can choose depends on whether: you want to calculate FBT every quarter or only once a year. You need to know your filing frequency so you can choose the available rate that best suits your business.

   Fringe benefit tax rates - Inland Revenue

   www.ird.govt.nz/employing-staff/paying-staff/fringe-benefit-tax/fringe-benefit-tax-rates

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   How do I calculate fringe benefit remuneration for 2022?

   • To calculate FBT payable for shareholder-employees or persons receiving attributed income for 2022, where the remuneration details are unknown, the fringe benefit-inclusive cash remuneration will be the annual amount of the attributed fringe benefit provided. The 49.25% or 63.93% FBT rate will then be applied to this amount.

   Fringe benefit tax return guide 2022 - Inland Revenue

   www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir400---ir499/ir425/ir425-2022.pdf?modified=20220405023922&modified=20220405023922

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   How often should I calculate fringe benefit tax?

   • you want to calculate FBT every quarter or only once a year. You need to know your filing frequency so you can choose the available rate that best suits your business. Filing frequency for fringe benefit tax If you are a quarterly filer, in quarters 1 to 3 you can use either the: alternate rate 49.25%. In quarter 4, if:

   Fringe benefit tax rates - Inland Revenue

   www.ird.govt.nz/employing-staff/paying-staff/fringe-benefit-tax/fringe-benefit-tax-rates

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8. www.deloitte.com › nz › enNew FBT option to save some compliance costs | Tax Alerts ...

   www.deloitte.com › nz › en

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   Apr 4, 2022 · Thanks to a submission to the Finance and Expenditure Committee by Deloitte, there is now another option. Employers now can pay FBT at a flat rate of 49.25% for any employees earning gross “cash pay” of $160,000 or less provided that total attributable fringe benefits are $13,400 or less.