The New Zealand Inland Revenue March 14 announced an April 1 increase, to 7.89 percent from 6.71 percent, in the interest rate used in determining the fringe benefit value of low-interest loans to employees, for fringe benefit tax (FBT) purposes. [New Zealand, Inland Revenue, 03/14/23]
Reference: View Announcement. View Prescribed Interest Rates for Fringe Benefit Tax (FBT). View Index.