Fringe benefits

A fringe benefit is a non-cash benefit (such as private use of a company car) that you provide to an employee because that person is an employee. Benefits can be provided by you, your associate or by a third party under an arrangement with you.

'Employee' can refer to a current, future or former employee. You must obtain all employee declarations no later than the day your FBT return is due to be lodged with us; or, if you don’t have to lodge a return, no later than 21 May.

You need to keep records that show:

  • the taxable value of the fringe benefits
  • where an associate has provided a fringe benefit
  • if any exemptions or concessions apply.

Next step:

Last modified: 22 Jan 2016QC 43043