Taxable value of benefit

The method for calculating the taxable value of a fringe benefit depends on the benefit type. Each benefit type has its own valuation rules. For some benefits, such as expense payment fringe benefits, the taxable value is generally equal to the amount of the private expenditure paid for or reimbursed. For other fringe benefits, the entity may use a formula to calculate the taxable value.

The taxable value of a fringe benefit is calculated based on the goods and services tax (GST) inclusive value of the benefit, where applicable.

Further Information

More information on the calculation of the taxable value of each of the fringe benefits can be found in the applicable section of this information, or by referring to Fringe benefits tax - a guide for employers.

End of further information
    Last modified: 17 Jul 2012QC 21998