Concessions, including specific concessions for non-profits
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 fringe benefits tax (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.
For details on a full range of FBT concessions, see Reductions in fringe benefit taxable value.
Non-profit organisation concessions
Specific concessions apply to some non-profit organisations, including:
- eligible charities, such as
- charitable institutions
- public benevolent institutions
- health promotion charities
- religious institutions
- public and non-profit hospitals and public ambulance services.
Some non-profit organisations are required to be registered with the ACNC and endorsed by us to access concessions. For more information, see Non-profit organisations and FBT – in detail.