Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer.
In your fringe benefit tax (FBT) return, show the taxable value of benefits provided in each of the four categories and the amount of FBT payable. All employers and businesses that provide fringe benefits must file regular FBT returns.
Motor vehicles, low-interest loans, free, subsidised or discounted goods and services, employer contributions to funds, insurance and superannuation schemes and other benefits.
You have certain choices among three methods (single rate (formerly flat rate), alternate rate (formerly multi-rate) or short form alternate rate option) and the rates of fringe benefit tax.
When you are liable for FBT you should be aware of issues relating to GST and income tax.
Some commonly asked questions about FBT.
Date published: 14 Oct 2004
Back to top