Interest Rate Changes
- Inland Revenue increase interest charges effective 10 May 2022:
- Use of money interest rates for payments due to Inland Revenue rise to 7.28% (currently 7%)
- Use of money interest rates for monies owed by IR to taxpayers remain at 0% (yes, zero percent)
- Fringe Benefit tax interest charges increase effective 1 July 2022:
- The FBT interest rate rises from 4.5% to 4.78%