Explanatory note
This note is not part of the regulations, but is intended to indicate their general effect.
These regulations reduce, from 5.99% to 5.77%, the rate of interest that applies for fringe benefit tax purposes to employment-related loans. The reduction applies for the quarter beginning on 1 January 2016 and for subsequent quarters.
Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 25 February 2016.
These regulations are administered by the Inland Revenue Department.