Free FBT GST Adjustment Calculator for New Zealanders
GST-registered NZ employers must return GST output tax on the supply of fringe benefits. The 15/115 fraction of the benefit value is the GST component, the rest forms part of the FBT taxable value.
Your benefits
$20,000
$
GST output adjustment
$2,609
15/115 of benefit value
Of $20,000 in GST-inclusive benefits, the GST component is $2,609.
Benefit value (GST-inclusive)$20,000
GST output (15/115)$2,609
FBT taxable value (excl. GST)$17,391
FBT @ 63.93% on GST-inclusive value$12,786
About our FBT GST Adjustment Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.