New Zealand

FBT is a tax that is levied on non-monetary benefits provided to employees by employers in an employment relationship. Payments made on behalf of an employee by the employer, do not generally require FBT to be paid. (However, they may be subject to the PAYE rules).

Common examples of benefits subject to FBT are:

  • Employer contributions to superannuation funds or benefit schemes (that are not registered under the Superannuation Act)
  • Private use or availability for private use of a motor vehicle
  • Low interest loans
  • Subsidised or free goods and services.