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Providing non-cash perks to staff or shareholder-employees can incur significant Fringe Benefit Tax liabilities if not structured properly. We review your employee benefits package to minimize unnecessary tax costs while keeping your organization completely transparent and compliant.
- Key Features & What We Do:
1. Company Motor Vehicles: Accurate evaluation of private-use motor vehicle benefits using single-rate, alternate-rate, or work-related vehicle exemption criteria to lower FBT liability.
2. Perk & Benefit Assessment: Comprehensive review of subsidized health insurance, low-interest staff loans, corporate perks, entertainment, and gift cards.
3. Calculation Method Selection: Comparative analysis between standard flat rates (63.93%) and employee-specific alternate rate calculations to determine the most cost-effective option for your business.
4. Quarterly & Annual Filings: Timely submission of quarterly or annual FBT returns directly to IRD.
- Ideal For: Businesses providing company cars, executive insurance policies, or non-monetary perks to employees and shareholder-employees.
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