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  • It's 2022 fringe benefits tax time

    It's 2022 fringe benefits tax (FBT) time! If you are a not-for-profit with employees, being aware of the following will help you understand your FBT obligations:

    • If you provided additional benefits to your employees during the 2022 FBT year in response to COVID-19, such as paying for items that allowed them to work from home, FBT may apply.
    • If you make a car available to your employees for private use, you may be providing a car fringe benefit. If you’re not sure, check the resources – including a video series and webinars – on our website to help you decide.
    • If you've covered your employees' expenses over the FBT year, view our webinar that will help you work out if you’re providing an expense payment fringe benefit.

    The above are just some examples of fringe benefits not-for-profits may provide to their employees. We have a complete list of the types of fringe benefits on our website.

    Consider the exemptions and concessions you may be eligible for as these can reduce the amount of FBT you pay.

    Remember: employers who prepare their own return must lodge by 23 May.

    Next steps

    Last modified: 03 May 2022QC 69422