INDEPENDENT NEWS

FBT Rate For Low Interest Loans Up

Published: Tue 20 Aug 2002 11:05 AM
20 August 2002
FBT Rate For Low Interest Loans Up
The prescribed rate of interest used to calculate fringe benefit tax for low-interest, employment-related loans will increase on 1 October from 7.5 percent to 7.98 percent, Revenue Minister Michael Cullen announced today.
The rate, which last changed on 1 July this year, is reviewed regularly to align it with the results of the Reserve Bank’s survey of first mortgage rates.
Ends

Next in New Zealand politics

New Zealand Sign Language Week An Opportunity For Anyone To Sign
By: New Zealand Government
Investment In Prisons Delivers On ACT Commitment
By: ACT New Zealand
National Gaslights Women Fighting For Equal Pay
By: New Zealand Labour Party
New Treasury Paper On The Productivity Slowdown
By: The Treasury
Government Recommits To Equal Pay
By: New Zealand Government
Deputy Mayor ‘disgusted’ By Response To Georgina Beyer Sculpture
By: Emily Ireland - Local Democracy Reporter
View as: DESKTOP | MOBILE © Scoop Media