New Zealand Updates Fringe Benefit, KiwiSaver Employer Guides

New Zealand’s employer guides for the fringe benefit tax and the KiwiSaver program were updated April 1 for the start of the new tax year by the country’s Inland Revenue Department.

The fringe benefit tax guide indicated that changes were made to the FBT treatment of some types of payments. These include that, starting April 1, employers can choose to treat reimbursement of employees’ personal expenses as standard taxable income subject to the PAYE system. Alternatively, employers may treat such reimbursements as an unclassified fringe benefit, but only if the expenses would be an unclassified fringe benefit when provided by ...