Where employers provide non-cash benefits to their employees, those benefits must be assessed to determine whether a fringe benefit tax (FBT) is triggered (see 4.1), and therefore whether regular filing is required to formally notify the Inland Revenue of any fringe benefits received and to calculate the value of FBT due on those benefits (see 4.8).
Employers are required to register for FBT via myIR, which may be done as part of their registration as an employer if they intend to provide fringe benefits straight away or later, where fringe benefits are introduced subsequently. Where employers have provided fringe benefits without registering, they will need to backdate the registration to the date when the fringe benefits were first provided.
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Web page updated on 17 Mar 2025 16:32