12 July 2019
Fringe benefits tax (FBT) is payable on certain benefits you provide to your employees or their associates. These benefits are in addition to, or part of, your employees' salary or wages package.
FBT is separate from income tax and is calculated on the taxable value of the benefits provided to employees.
Examples include providing your employee (or someone close to them) with:
Some benefits are exempt or receive concessional treatment, so it's good to brush up on what benefits attract FBT.
When to report?
The FBT year is from 1 April to 31 March. If you've provided any fringe benefits during this period, you need to:
Remember, registered tax agents and BAS agents can help you with your tax.
Find out about:
Media: [What is FBT]http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunnecjbg (Duration: 00:31)
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