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  • Record keeping

    You must keep all records relating to the fringe benefits you provide, including how you calculated the taxable value of benefits. You must also keep records if you want to take advantage of various exemptions or concessions that reduce your fringe benefits tax (FBT) liability.

    These records must generally be kept for five years from the date your FBT return was lodged, or if you don't have to lodge, the due date for lodgment of FBT returns generally (that is, 21 May). All records should be written in English, or if stored electronically must be in a form that is readily accessible.

    Examples of these records include:

    • calculations
    • worksheets
    • employee declarations
    • elections
    • invoices
    • receipts
    • bills of sales
    • lease documents
    • travel diaries
    • logbooks
    • odometer records.

    You don't need to submit these records with your FBT return.

    See also:

    Last modified: 29 Mar 2019QC 43876