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Tax Facts - Fringe Benefit Tax

Fringe Benefit Tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer.

The four main groups of fringe benefits are:

  • Motor vehicles (refer to the IRD website for more information on how to calculate)
  • Low-interest loans other than low-interest loans provided by life insurance companies
  • Free, subsidised or discounted goods and services, including subsidised transport for employers in the public transport business
  • Employer contributions to sick, accident or death benefit funds, superannuation schemes and specified insurance policies

Gifts, prizes and other goods are fringe benefits. If you pay for your employees' entertainment or club memberships, these benefits may also be liable for fringe benefit tax.

Fringe Benefit Tax is payable quarterly (however some employers may be able to elect payments filing on an annual basis).

Refer to the IRD website for more information on how fringe benefit tax is applied and calculated.

If you would like further information on whether FBT is payable in your situation and how this is calculated just give us a call.

Supplied by CCH Business Fitness NZ

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Roberts Tree Surgeons Ltd

Paul and Kelly Roberts started their business Roberts Tree Surgeons from scratch 12 years ago. Today the company is a strong team of 10 full time staff. Roberts Tree Surgeons are the one-stop shop for tree removal, tree maintenance and tree planting.

The majority of their work is tree and garden maintenance of private clients and large infrastructure clients...

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Meet our Team

Callum Thompson

What is your current role at Graham & Dobson?
Audit Manager

Tell us a bit about your family
Married to Tracey, with two dogs...

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What our clients say...

  • Parihohonu Station has been involved with Graham and Dobson since the early 1900s. They have proved to be of great value, producing a high standard of quality work, are trustworthy, astute, and approachable any time at all. The staff are very friendly and will bend over backwards for us. We always recommend this long established firm unequivocally.

    Avianne and Nigel Faram

  • We are grateful for the enormous amount of support the staff of Graham & Dobson provide. They have demonstrated a high level of understanding, knowledge and financial direction and deliver a consistent service in structured, efficient timeframes. This is a company with high integrity and strong values focusing on providing the utmost levels of customer satisfaction.

    Gisborne Stroke Support Group Inc.

  • Graham & Dobson helped me start my own business in 2007. Without their help and support the process would have been a lot harder. They offer excellent on-going support and advice.

    Karl Platten - Lawns Plus Ltd (GreenAcres)