Cabinet paper LEG-22-SUB-0201: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022

1. IR2022/454 – Tax policy report: IR2022-454 - Policy report: Increase in FBT prescribed rate of interest (29 September 2022) (4 pages; PDF 93 KB)
2. LEG-22-SUB-0201 – Cabinet paper: LEG-22-SUB-0201 - Cabinet paper: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022 (17 November 2022) (4 pages; PDF 165 KB)
3. LEG-22-MIN-0201 – Minute: LEG-22-MIN-0201 - Minute: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022 (17 November 2022) (2 pages; PDF 145 KB)

The Cabinet paper was considered by the Legislation Cabinet Committee on 17 November 2022 and confirmed by Cabinet on 28 November 2022.

One attachment to the Cabinet paper is not included in this information release as it is publicly available:

- Order in Council: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 2) 2022

Note: Recommendation a. in report IR2022-454 has an incorrect date. The date the new rate will be effective from, which is correctly recorded in all other documents, is 1 January 2023 and not 1 January 2022.