This note is not part of the regulations, but is intended to indicate their general effect.
These regulations reduce, from 6.70% to 6.22%, 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 2015 and for subsequent quarters.
Date of notification in Gazette: 27 August 2015.
These regulations are administered by the Inland Revenue Department.