New Zealand Legislation: Regulations
Regulations are laws made under Acts
This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 July 2009, amend the Income Tax (Fringe Benefit Tax, Interest on Loans) Regulations 1995. They reduce from 8.05% to 6.41% the rate of interest that applies for fringe benefit tax purposes to employment-related loans. The reduction applies for the quarter beginning on 1 July 2009 and subsequent quarters.
