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Our tax and industry experts have cut through the noise to focus on the most significant announcements in Budget 2025, and reveal what they mean for your business.
Inland Revenue has issued an open submission to reduce the complexity of compliance with fringe benefits tax (FBT) - a welcome move toward modernising the regime and addressing long-standing complexity, particularly around motor vehicles and minor benefits.
Although the R&D tax credit scheme isn't new, it is often overlooked as a way to help businesses adopt more circular business models, change the design of materials and packaging, and measuring and reducing their impact.