Extraordinary unlocks pre-tax public transport perks for workers

Extraordinary unlocks pre-tax public transport perks for workers
Extraordinary chief executive Steven Zinsli with Auckland Mayor Wayne Brown in the Waitematā/Britomart train station. (Image: Supplied)
Oliver Lewis
An Auckland-based fintech company has pioneered a solution to save public transport commuters hundreds of dollars a year by taking advantage of changed tax rules.In 2023, the Government enacted legislation to provide Fringe Benefit Tax (FBT) exemptions for employer-subsidised commutes on trains, buses and ferries.However, as Deloitte tax partner Robyn Walker noted in a recent article, employers have faced barriers to making use of the exemption, which was championed by the Green Party as a way of incentivising the use of public transport.E...

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