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Get ready for fringe benefits tax time

Last updated 2 February 2023

Autumn leaves may start falling soon, but make sure you don’t fall behind on fringe benefits tax (FBT)!

The 2023 FBT year ends on 31 March 2023, so it’s a good time to start thinking about your FBT obligations.

You’ll need to work out if you have an FBT liability for fringe benefits you’ve provided to your employees or their associates between 1 April 2022 and 31 March 2023.

If you have a FBT liability, or paid FBT instalments on your activity statements, you need to lodge an FBT return and pay the amount due by 22 May. This date applies as the statutory due date of 21 May falls on a weekend this year.

If you use a tax agent to lodge on your behalf, you may have a different due date.

If you don’t need to lodge an FBT return and you’re registered for FBT, you should still let us know by the date your return would have been due.

Remember to keep all records relating to the fringe benefits you’ve provided, including how you calculated the taxable value of benefits.