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Total reportable fringe benefit amounts

Last updated 31 May 2020

Things to know

This is for employees who receive fringe benefits from their employer and have the taxable value of those benefits recorded on their income statement or payment summary.

  • You have a reportable fringe benefits amount if the total taxable value of certain fringe benefits provided to you or your associate (for example, a relative) exceeds $2,000 in an FBT year (1 April to 31 March).
  • Employers must gross-up this amount and report it on your income statement or payment summary. The reportable fringe benefit amount reflects the gross salary that you would have to earn to purchase the benefit from your after tax income.    
    • The lower gross-up rate for the FBT year ending 31 March 2020 is 1.8868.
    • If the taxable value of your fringe benefits is $2,000.01, your reportable fringe benefit amount is $3,773.

For more information, see Reportable fringe benefits – facts for employees.

Show your reportable fringe benefits amounts in the Income statements and payment summaries section at:

Don't show any reportable fringe benefit amount less than $3,773.

Completing this section

We populate this section with reportable fringe benefits amounts shown in the Income statements and payment summaries section.

At Personalise return, you don't need to make a selection to show Income tests, as it's always displayed at Prepare return.

At Prepare return, select 'Add/Edit' at the Income tests banner.

At the Income tests heading:

  1. MyTax will show the following total reportable fringe benefits amounts
    • From employers exempt from FBT under section 57A of the FBTAA 1986
    • From employers not exempt from FBT under section 57A of the FBTAA 1986.
  2. Select Save and continue when you have completed the Income tests section.

To update or add a reportable fringe benefits amount of $3,773 or more in myTax, go to the relevant payment type in the Income statements and payment summaries section:

QC62376