TITLE

FBT CHANGES BUT DO WE REAP THE BENEFITS?

PUB. DATE
June 2006
SOURCE
Company Vehicle;Jun2006, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the changes in the Fringe Benefit Tax (FBT) system effective in New Zealand on April 1, 2006. It states that FBT legislation provides businesses with an option of computing the FBT value of company-provided cars based on their original cost or on their tax book value. One of the effects of FBT law is the cancellation of the benefit of multi-lease products. It clarifies that a taxpayer who leases a vehicle on April 1 will be compelled to use the cost method to compute for the FBT liability. INSET: WHAT DO THE FBT CHANGES MEAN FOR YOUR FLEET?.
ACCESSION #
21865582

 

Related Articles

  • New law ends pay-as-you-go policy for sales tax on leases. DeMarco, Peter A. // Crain's Cleveland Business;3/11/2002, Vol. 23 Issue 10, p19 

    Reports on the decision of the Ohio Legislature that sales tax on vehicles and equipment leases should be paid upfront. Coverage of the law; Impact of the law to companies; Lack of effect of the ruling to leases established prior to the implementation date.

  • Automobile Renting Occupation Tax.  // Illinois Register;1/17/2014, Vol. 38 Issue 3, p1843 

    The article presents a notice of a proposed amendment issued by the Illinois Department of Revenue regarding automobile renting occupation tax as of January 2014. Topics discussed include information on gross receipts, nontaxable transactions, and authorized deductions, information on provisions...

  • Oklahoma amends exempt organization construction, car rental laws.  // Sales & Use Tax Alert;6/15/2008, Vol. 18 Issue 11, p5 

    The article discusses House Bill (HB) 1387 that amends sales and use tax exemptions for tax-exempt organizations and creates a bad debt deduction for auto rental tax in Oklahoma. The legislation affects sales and use tax exemptions for organizations that are exempt from taxation under Internal...

  • Car leasing: tax harmonization to boost sector.  // MarketWatch: Global Round-up;July 2003, Vol. 2 Issue 7, p11 

    Reports that European Union government is planning to change value-added laws that will allow car leasing services to cater for multinational corporations. Factual background on the leasing market in Europe; Proposed elimination of registration taxes in favor of an emissions based road tax;...

  • Car leasing: tax harmonization to boost sector.  // MarketWatch: Automotive;July 2003, Vol. 2 Issue 7, p6 

    Reports that the plan to change value-added tax laws in Europe will help pan-European car leasing services. Pursuit of greater tax harmony; Promotion of growth in the car leasing sector; Aim of facilitating cross-border leasing; Centralization of operations by leasing organizations.

  • Time Is Right in Phoenix. Albanese, Elizabeth // Bond Buyer;4/5/2002, Vol. 339 Issue 31359, p1 

    Reports on the approval to build a consolidated car rental facility at Sky Harbor International Airport by Phoenix City Council in Phoenix, Arizona. Opposition to the car rental facility project; Source of funding to meet operational cost; Improvement of the car rental rates.

  • Pittsburgh Agency Pushes Rental Car Tax for Hotel Debt. Braun, Martin Z. // Bond Buyer;10/30/2002, Vol. 342 Issue 31502, p3 

    Reports on the proposition of tax on rental cars by Pittsburgh-Allegheny County Sports and Exhibition Authority in Pennsylvania. Lack of information the proposal; Generation of tax to subsidize operations; Increase in the percentage of hotel-motel tax.

  • Popular choice. Rowand, Roger // Automotive News;10/9/1995, Vol. 70 Issue 5627, p12i 

    Focuses on an increase in the practice of leasing light trucks in the United States during the first half of 1995. Popularity of light trucks; Land Rover Range Rover as the most-leased light truck for the period; Types of customers who lease trucks; Growth of the leasing share of the overall...

  • Rent-a-stallion.  // AutoWeek;4/22/2002, Vol. 52 Issue 17, p25 

    Reports availability of a Ferrari rental plan for tourists in Europe established by Scunderia von Ruschenberg in Munich, Germany.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics