WebJan 16, 2024 · 49.25% for employees who receive more than NZD 160,000 in gross cash pay or more that NZD 13,400 in attributed benefits but have 'all-inclusive pay' of under … WebJun 17, 2024 · Entertainment expenses will be 100% deductible and liable for FBT if they are received by employees because of the work they do. Examples of this include rewards for good performance, such as a restaurant gift voucher or weekend away. 50% deductible, liable for FBT. Entertainment expenses will be 50% deductible and liable for FBT if the …
Motor Vehicle Deductions - BDS Chartered Accountants
WebTo avoid FBT, staff must pay the lower of at least either 95% of what the goods cost the company or 95% of the selling cost to the public. If goods are provided to staff mainly for business purposes (e.g. tools or a laptop), private use will be exempt from FBT provided the cost of each item was less than $5,000. WebJul 12, 2024 · Total net cost – 3 year ownership. $74,980. $62,900. *Calculated using new default rate of 63.69% and assuming private use is limited to home to work travel. Our calculations show that an EV or PHEV is markedly more expensive once FBT is taken into account. While there are options available for minimising FBT on the Outlander, such as ... twitter hannah ingram moore
What is FBT? - taxaccountant.kiwi.nz
Web(c) The purchase price of the shares must not exceed the market value of the shares, which market value cannot be more than NZ$5,000 in a year. Any difference between the amount spent by the employee purchasing the shares and the market value of the shares must not be more than NZ$2,000 in a year. (d) If there is a purchase price for the WebAn e-bike bulk purchase scheme (with upfront payment) has also been implemented for students and employees of Massey University. In 2024, TCC led the way with the first known e-bike purchase support scheme in New Zealand. Its scheme resulted in over 50 employees purchasing an e-bike. Of those who participated, 58% now ride to work 4-5 … WebEmployee allowances. As an employer, you can choose to provide allowances on top of your employees’ usual pay. Allowances are extra payments for things like accommodation, meals and clothing, and are … talathi office kandivali east