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Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Order in Council commentary
Published 10 December 2025

Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025

The Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025 was made on 24 November 2025. The Order in Council decreases the fringe benefit tax (FBT) prescribed rate of interest for low-interest employment-related loans from 6.67% to 6.29%.

The Order in Council can be found at: 

Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025 (SL 2025/271) New Zealand Legislation

Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations (No 3) 2025 – Order in Council commentary
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