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- proposed changes to the laws that Inland Revenue is responsible for
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Cabinet paper LEG-19-SUB-0180: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2019

Description Information release for an Order in Council proposing to lower the FBT prescribed interest rate for certain loans in line with a decrease in market interest rates.
Date published 23 December 2019
Documents in this information release
  1. IR2019/575 – Tax policy report: Decrease in FBT prescribed rate of interest (21 October 2019)
  2. LEG-19-SUB-0180 – Cabinet paper: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2019 (19 November 2019)
  3. LEG-19-MIN-0180 – Minute: Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2019 (19 November 2019)
Additional information

The Cabinet paper was considered by the Cabinet Legislation Committee on 19 November 2019 and confirmed by Cabinet on 25 November 2019.

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

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