FBT return is due soon

Posted by: Team TvA
Date: 18 January 2021

Your quarterly FBT return is due on 20th January 2021.

If you’re an employer, and you provide benefits to your employees that are additional to their salary or wage, such as personal use of a company vehicle, you need to pay tax on these. This type of tax is called Fringe Benefit Tax (FBT).

When to file your FBT return

You need to file quarterly returns unless you’re eligible for, and actively choose, to file your returns annually. The table below outlines the next filing and payment due dates for each FBT quarter.

Filing your FBT return

You can complete your FBT return online through myIR - Inland Revenue’s online services website. Filing through myIR is fast and simple, as the system already has your details on file and will do most of the calculations for you. Visit https://www.ird.govt.nz to access the myIR login page.

As a business, it is important to file your tax returns correctly and on-time. Talk to us today about how we can help you.

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