Fringe benefits tax - Tax basics for non-profit organisations
FBT rebate
FBT rebate is an entitlement to a rebate equal to 48% of the gross FBT payable, subject to a capping threshold.
Organisations that qualify for an FBT rebate are referred to as ‘rebatable employers’.
Rebatable employers are entitled to have their liability reduced by a rebate equal to 48% of the gross FBT payable (subject to a $30,000 capping threshold). If the total grossed-up taxable value of fringe benefits provided to an employee is more than $30,000 a rebate cannot be claimed for the FBT liability on the excess amount.
Rebatable employers are certain non-government, non-profit organisations. Organisations that qualify for the FBT rebate include:
certain religious, educational, charitable, scientific or public educational institutions
trade unions and employer associations
non-profit organisations established to encourage music, art, literature or science
non-profit organisations established to encourage or promote a game, sport or animal races
non-profit organisations established for community service purposes
non-profit organisations established to promote the development of aviation or tourism
non-profit organisations established to promote the development of Australian information and communications technology resources, and
non-profit organisations established to promote the development of the agricultural, pastoral, horticultural, viticultural, aquacultural, fishing, manufacturing or industrial resources of Australia.
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