Further reduction of FBT rate for low interest loans, 26 November 2015

The Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2015 (LI 2015/293) reduce, from 6.22% to 5.99%, the rate of interest that applies for fringe benefit purposes to employment-related loans. The reduction applies for the quarter beginning on 1 October 2015 and subsequent quarters.