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  • Concessions

    Concessions apply to some fringe benefits. The concession is a reduction in the taxable value of the fringe benefit that results in a reduced amount of FBT, or even no FBT, being payable

    A reduction in the taxable value of the fringe benefit applies to:

    • some benefits provided in remote areas
    • some travel provided to employees posted overseas
    • reimbursement of costs incurred by employees using their own car for relocation
    • some other benefits.

    In some instances there are special conditions that must be satisfied.

    Certain records must also be kept to take advantage of concessions.

    Specific concessions apply to some not-for-profit organisations.

    See also:

    Not-for-profit organisation concessions

    Specific concessions apply to some not-for-profit organisations, including:

    • registered and endorsed charities, such as    
      • charitable institutions
      • registered and endorsed public benevolent institutions and registered and endorsed health promotion charities
      • registered religious institutions
       
    • public and not-for-profit hospitals and public ambulance services.

    Some not-for-profit organisations are required to be endorsed to access concessions.

    See also:

      Last modified: 22 Jun 2017QC 16948