New Zealand: FBT Alternate Rate Thresholds Updated (affects 2026 filings)
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IRD confirms thresholds used in the full alternate rate calculation changing from 1 April 2025; impacts returns filed for the 2026 FBT year.
Effective Date
- April 1, 2025 (applies to returns in 2026 filing cycle)
Published
- (IRD guidance page updated 2025)
Impact
- Recalculate FBT using updated alternate‑rate thresholds; ensure payroll/benefits reporting aligns.
Payroll action
- Confirm FBT calculations in payroll/benefits systems for 2025‑26; update working papers before 2026 filings