If your not-for-profit organisation provides fringe benefits to its employees (or their associates, such as partners), it may be eligible for a fringe benefits tax (FBT) exemption or rebate.
Watch: Not-for-profits and fringe benefits tax
Media: Not-for-profits and fringe benefits tax
https://tv.ato.gov.au/ato-tv/media?v=bd1bdiubtanqimExternal Link (Duration: 3:18)
FBT concessions for not-for-profit organisations apply as follows:
- FBT-exempt organisations (exemption up to a capping threshold)
- public benevolent institutions (a type of charity) and health promotion charities registered by the Australian Charities and Not-for-profits Commission and endorsed by the ATO
- public and not-for-profit hospitals
- public ambulance services
- FBT rebatable employers – certain non-government not-for-profit organisations eligible for an FBT rebate of 47% of the gross FBT payable (up to a capping threshold)
- Religious institutions – exemptions for benefits for religious practitioners, live-in carers and domestic employees
- Non-profit companies that provide care for elderly or disadvantaged people – exemptions for live-in carers.
As well as these concessions specific to not-for-profit organisations, there are exemptions and concessions that apply more broadly (such as exemptions for work-related items and minor benefits). These exemptions and concessions also apply to the not-for-profit sector.Find out how FBT concessions apply for not-for-profit organisations, and which concessions you may be eligible for.