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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

46E: FBT returns: information for calculations

You could also call this:

"Information you must give when asking for a custom Fringe Benefit Tax calculation"

Illustration for Tax Administration Act 1994

You need to give the Commissioner some information when you ask them to calculate your Fringe Benefit Tax (FBT) instead of using a set rate. This is for the purposes of sections RD 58(2), RD 60(4), and RD 61(4) of the Income Tax Act 2007. You must provide this information within 2 months after you tell the Commissioner that your tax assessment is complete.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1264509.

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Money and consumer rights > Taxes
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Part 3Information, record-keeping, and returns
Returns: Fringe benefits

46EFBT returns: information for calculations

  1. This section applies for the purposes of sections RD 58(2), RD 60(4), and RD 61(4) of the Income Tax Act 2007 when an employer asks the Commissioner to replace the FBT liability determined under a set rate with a calculated amount.

  2. The employer must provide the information within 2 months after notifying the Commissioner that an assessment for the final quarter or year has been made.

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Notes
  • Section 46E: inserted, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).