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  • FBT record keeping

    You must keep sufficient records to enable your FBT liability to be assessed.

    Your records must be written in English and kept for five years from the date of the relevant transaction. If you don't keep written records (for example, if you keep electronic records) they must be in a form that can be converted into written English.

    Where an associate of yours provides a fringe benefit to an employee of yours, the associate is required to provide copies of the records to you within 21 days of the end of the FBT year.

    Both you and your associate are required to keep the records for five years from the date of the relevant transaction.

      Last modified: 10 Feb 2021QC 16948