Fringe Benefit Tax and Charities

If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Cjharities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit cards etc) exceeds the lower of 5% of the employee wages or $1200.

For details visit the IRD website

This entry was posted in Administration, Audits and Finance, Non-profit FAQs, Tax Matters and tagged , , , , , , , , . Bookmark the permalink.