This note is not part of the regulations, but is intended to indicate their general effect.
These regulations reduce, from 6.22% to 5.99%, the rate of interest that applies for fringe benefit tax purposes to employment-related loans. The reduction applies for the quarter beginning on 1 October 2015 and for subsequent quarters.
Date of notification in Gazette: 26 November 2015.
These regulations are administered by the Inland Revenue Department.