Fringe benefits tax (FBT)
Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees, including their employees’ family or other associates. The benefit may be in addition to, or part of, their salary or wages package.
If you are a director of a company or trust, benefits you receive may be subject to FBT.
Fringe benefits tax is separate to income tax and is calculated on the taxable value of the fringe benefits provided.
The FBT year runs from 1 April to 31 March.
Follow the links below for more information on:
Register for FBT
Duration 4m:30s. A transcript of Paying workers - FBT: Tax basics for small business is also available.
If you provide certain benefits to your employees in respect of employment, you need to register for fringe benefits tax (FBT), work out what you need to pay, and report and pay it.