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  • FBT concessions

    As a small business, you may be eligible for fringe benefits tax (FBT) concessions.

    The turnover threshold for FBT concessions is:

    • $10 million from 1 April 2017
    • $2 million up to 31 March 2017.

    Find out about:

    FBT car parking exemption

    If you're a small business employer, car parking benefits you provide are exempt if:

    • the parking is not provided in a commercial car park
    • you are not a government body, a listed public company, or a subsidiary of a listed public company
    • either your gross total income for the last income year before the relevant FBT year was less than $10 million, or you were a small business for the last income year before the relevant FBT year.

    See also:

    FBT work-related devices exemption

    From 1 April 2016, small businesses can provide their employees with multiple work-related portable electronic devices that have substantially identical functions in the same FBT year, and all of the devices will be exempt from FBT. This applies to devices that are primarily used for work, such as laptops, tablets, calculators, GPS navigation receivers and mobile phones.

    This benefit may be in addition to or part of the employee’s salary or wages package.

    See also:

    Last modified: 22 May 2017QC 22666