Not-for-profit organisation operating partly as an eligible public benevolent institution

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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You are a not-for-profit organisation, part of which is eligible for FBT exemption (as you are a public benevolent institution (PBI) employer) and the rest of the organisation is a rebatable employer. You paid instalments of $16,000 during the FBT year.

You have a fringe benefits taxable amount of $150,000 for the year ending on 31 March 2019 made up of:

• $105,000 type 1 car fringe benefits valued using the statutory formula method (type 1 aggregate amount of $50,476 × 2.0802)
• $33,000 type 2 expense payment benefits (type 2 aggregate amount of $17,490 × 1.8868)
• an aggregate non-exempt amount of $12,000, which is for residual benefits for a third employee who is employed in the eligible public benevolent institution part of the organisation. The employee received a total of $42,000 in residual benefits during the year.

You have two employees in the rebatable part of your organisation with individual grossed-up non-rebatable amounts greater than $30,000. One employee has an amount of $50,000, and the other has an amount of $45,000.

The calculation of the aggregate non-rebatable amount is as follows:

($50,000 − $30,000) + ($45,000 − $30,000) × 47% = $16,450.00

Add to this amount the tax payable on the aggregate non-exempt amount ($12,000 × 47%) = $5,640.00

$16,450.00 + $5,640.00 = $22,090.00.

The calculation of the amount of rebate is as follows:

• 0.47 × (amount of tax payable − aggregate non-rebatable amount).

The amount of tax payable is 47% of the fringe benefits taxable amount, which equates to gross tax of $70,500 (0.47 × $150,000).

The rebate calculation is:

• 0.47 × ($70,500.00 − $22,090.00) = $22,752.70. 

Completing your FBT return

You would complete your FBT return as follows:

• Item 14A is completed as $50,476 × 2.0802 = $105,000
• Item 14B is completed as $17,490 × 1.8868 = $33,000
• Item 14C is completed as $12,000
• Item 15 is completed as ($105,000 + $33,000 + $12,000) = $150,000
• Item 16 is completed as 47% of $150,000 = $70,500
• Item 17 is completed as $22,090
• Item 18 is completed as $22,752.70
• Item 19 is completed as ($70,500 − $22,752.70) = $47,747.30
• Item 20 is completed as $16,000
• Item 21 is completed as ($47,747.30 − $16,000) = $31,747.30
• Item 22 is left blank
• Item 23 is completed as:

The other worked examples are:

• Rebatable employer return
• Public benevolent institution return
• Public hospital return