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  • Need help understanding FBT?

    22 April 2020

    Are you providing benefits to your employees? Are you a bit rusty on knowing when and how fringe benefits tax (FBT) may apply? Our Fringe benefits tax - a guide for employers is your best source when dealing with all things FBT.

    As the 2020 FBT year ended on 31 March, now is a great time to review the guide to determine if you have FBT obligations and whether you'll need to lodge a 2020 FBT return. You even have the option to download the guide as a PDF.

    Our comprehensive guide will help you to:

    • understand the different types of fringe benefits
    • calculate FBT
    • work out and record reportable fringe benefit amounts
    • know what records to keep
    • identify exempt benefits and when benefits receive concessional treatment.

    The due date for lodging and paying the 2020 FBT return has been deferred from 21 May 2020 to 25 June 2020 due to COVID-19.

    Next steps:

    See also:

    Watch:

    • What is FBT?
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