Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025
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2025/271
Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025
Cindy Kiro, Governor-General
Order in Council
At Wellington this 24th day of November 2025
Present:
Her Excellency the Governor-General in Council
These regulations are made under section RA 21(3) of the Income Tax Act 2007 on the advice and with the consent of the Executive Council.
Regulations
1 Title
These regulations are the Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025.
2 Commencement
These regulations come into force on 25 December 2025.
3 Principal regulations
These regulations amend the Income Tax (Fringe Benefit Tax, Interest on Loans) Regulations 1995.
4 Schedule 1 amended
In Schedule 1, after the item relating to the quarter commencing 1 July 2025, insert:
| Quarter commencing 1 October 2025, and subsequent quarters | 6.29 |
Rachel Hayward,
Clerk of the Executive Council.
Explanatory note
This note is not part of the regulations but is intended to indicate their general effect.
These regulations, which come into force on 25 December 2025, amend the Income Tax (Fringe Benefit Tax, Interest on Loans) Regulations 1995.
These regulations reduce the rate of interest that applies for fringe benefit tax purposes to employment-related loans from 6.67% to 6.29%. The new rate applies for the quarter beginning 1 October 2025 and for subsequent quarters.
Date of notification in Gazette: 27 November 2025.
These regulations are administered by the Inland Revenue Department.
Versions
Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025
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