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New Inland Revenue guidance suggesting hard hats could be a taxable work perk could confuse some employers, one tax expert says.
IRD has released an update on when fringe benefit tax (FBT) exemptions apply to employee benefits provided for health and safety reasons.
Robyn Walker, tax partner at Deloitte, said there had been some confusion about how wide that exemption would be.
Fringe benefit tax generally does not apply when the benefit being provided is related to an employee's health and safety, aimed at managing health and safety risk
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