FBT for government

Fringe benefits tax (FBT) impacts government entities (generally government departments or agencies) in two ways:

  1. Entities are required to administer their FBT liabilities in a manner that enables full compliance with Australian tax laws.
  2. Entities are required to determine and accurately report reportable fringe benefit amounts (RFBAs) for individual employees.

Entities should have the structure, processes and controls in place to enable them to meet their FBT obligations in an accurate, timely and cost-effective manner.

See also:

Last modified: 02 Dec 2015QC 32504