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<p>Two Orders in Council have been made:</p>
<ul>
<li><em>Tax Administration (Research and Development Tax Credit Deadlines for Taxpayers Affected by Weather Events) Order 2023</em></li>
</ul>
<p style="margin-left: 40px;">Deadlines for filing an approval application or supplementary return which fell between 26 January 2023 and 7 March 2023, have been extended until 31 March for taxpayers significantly affected by adverse weather events.</p>
<ul>
<li><em>Income Tax (Fringe Benefit Tax, Interest on Loans) Amendment Regulations 2023</em></li>
</ul>
<p style="margin-left: 40px;"><span>The new prescribed interest rate of 7.89% for calculating fringe benefit tax on low-interest employment-related loans applies for the quarter beginning 1 April 2023.</span></p>
<p>Inland Revenue has published <a href="/publications/2023/2023-sr-r-d-deadlines-fbt">special reports</a>&nbsp;detailing the changes ahead of coverage in an upcoming edition of the <em>Tax Information Bulletin</em>.</p>

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