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

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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.

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:
Example details of fringe benefits provided for Not-for-profit organisation operating partly as an eligible Public Benevolent Institution employer return

Type of benefits provided

Code

Number

Gross taxable value (a)

Employee contribution (b)

Value of reductions (c)

Taxable value of benefits (a) − (b) − (c)

Cars using the statutory formula

A

1

50,476

0

50,476

Expense payments

E

17,490

0

0

17,490

Other benefits (residual)

M

42,000

0

0

42,000

The other worked examples are: