28 March 2024

What is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2013?
11 April 2013

The rate of 6.45 per cent is used to calculate the taxable value of:

·
a fringe benefit provided by way of a loan; and

·
a car fringe benefit where an employer chooses to value the benefit using the operating cost method.

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