Fringe benefit tax overview
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.
Glossary terms relevant to fringe benefit tax
Non-attributed benefits are pooled or shared fringe benefits that are not attributed to an individual employee.
Fringe benefits (perks) include most benefits given to employees in addition to their salary or wages.
As an employer, if you provide fringe benefits (perks) to your employees, or other people associated with your business, you must generally pay FBT on the value of these benefits.
An attributed benefit is a fringe benefit of which an employee has the principal use or enjoyment during the quarter or year. For many categories of fringe benefits, a threshold value exists, meaning that benefits over this value must be attributed.
The attribution rule and how it applies for FBT purposes.
Date published: 14 Oct 2004
Back to top