Tax Updates: 22 April 2025

Welcome to this week’s review of tax issues where Richard comments on what’s been happening in the world of tax over the past week. If you have a question or would like a second opinion on any national or international tax issues, please contact Richard via email at richard@gilshep.co.nz.

business woman smiling

Rate decreases announced

Just a very brief edition of AWIR due to the very short week – minimising the required read time for those of you who had the foresight to take the 3 days off to achieve a 10-day break!

The Fringe Benefit Tax (FBT) interest rate for employment-related loans will reduce from 8.4% to 7.38% for the quarter commencing 1 April 2025 and subsequent quarters.

And from May 8th, use of money interest rates will also be changing, with the paying rate reducing from 10.88% to 9.89%, while the receiving rate will reduce from 4.30% to 3.27%.

This article was originally published through the ‘A Week In Review’ newsletter. If you would like to receive Richard’s tax updates every Monday morning, you can subscribe here.

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Richard Ashby

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