New Zealand Legislation: Regulations
Regulations are laws made under Acts
Add to web feed 2009/182
Rt Hon Dame Sian Elias, Administrator of the Government
At Wellington this 22nd day of June 2009
Present:
Her Excellency the Administrator of the Government in Council
Pursuant to section RA 21(3) of the Income Tax Act 2007, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following regulations.
These regulations are the Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2009.
These regulations come into force on 1 July 2009.
These regulations amend the Income Tax (Fringe Benefit Tax, Interest on Loans) Regulations 1995.
Schedule 1 is amended by adding the following item:
Quarter commencing 1 July 2009, and subsequent quarters 6.41
Rebecca Kitteridge,
Clerk of the Executive Council.
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.
Date of notification in Gazette: 25 June 2009.
These regulations are administered by the Inland Revenue Department.
Add to web feed