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  • Need to lodge a 2021 FBT return?

    The fringe benefits tax (FBT) year ends on 31 March. If you've provided benefits to your employees in the past 12 months, you'll need to:

    • work out which of these benefits attract FBT, and
    • lodge your FBT return by 21 May 2021 (this date may differ if you lodge through a tax agent).

    Examples of fringe benefits include:

    • private use of work cars
    • entertainment (e.g. concert tickets)
    • reimbursement of employees' expenses (e.g. school fees)
    • salary sacrifice arrangements.

    As a result of COVID-19 you may have found yourself providing different benefits to those you usually provide – and these may be exempt from FBT. Generally, you will not need to pay FBT for:

    • items provided to employees to enable them to work from home (e.g. laptop or portable device)
    • emergency accommodation, food and transport
    • emergency health care.

    The minor benefits exemption may also apply for minor, infrequent and irregular benefits under $300.

    See also:

    Last modified: 25 Feb 2021QC 64857