© 2016 by KM Law Limited 

Fringe Benefit Tax - Motor Vehicles

October 5, 2017

The IRD has released a helpful booklet in relation to Fringe Benefit Tax ("FBT") and its application to motor vehicles. FBT arises when an employer makes a motor vehicle available to an employee for private use in connection with their employment.  

 

The booklet provides a clear explanation of what constitutes private use (e.g. travel between home and work versus storing a work vehicle at home for security reasons) and the three exemptions to FBT. The three exemptions include the work-related vehicle exemption, emergency call exemption and business travel exemption. 

 

To access the booklet, please click here


http://www.ird.govt.nz/resources/f/3/f37b50f4-b496-4104-9533-9fbe039581e9/IS+1707.pdf

 

 

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