This guide helps small business employers who provide fringe benefits decide whether they have a fringe benefits tax (FBT) obligation and, if so, calculate how much tax they need to pay.
The guide:
gives an overview of how FBT works
looks at the fringe benefits most commonly provided by employers and explains how to calculate the FBT payable for these benefits and what records you need to keep, and
gives an overview of the less commonly provided benefits.
Although the guide generally refers only to fringe benefits provided to employees by an employer, please note that fringe benefits can also be provided to employees’ associates (such as a family member). Further, fringe benefits can also be provided by an associate of the employer or a third party by arrangement with the employer.
Fringe benefits provided by public and non-profit hospitals and other public benevolent institutions are treated differently and are not generally covered in this guide. If you need information about non-profit organisations and FBT, please refer to our publication Fringe benefits tax for non-profit organisations (NAT 14947).
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