WHAT TO KNOW ABOUT FRINGE BENEFIT TAX
Fringe Benefits Tax (FBT) is a tax that employers pay on certain non-cash benefits provided to employees (or their associates, such as family members) instead of salary or wages. It is separate [...]
TAX OBLIGATIONS THIS CHRISTMAS TIME
If you are considering Christmas presents for your staff or clients this year, the below table summarises the FBT, income tax and GST consequences: Type of Gift Gifts to employees and [...]
Fringe Benefits Tax Year-End
The end of the current Fringe Benefits Tax (FBT) year is Friday 31 March 2024. Now’s the time to start collecting the data that will be required to prepare your FBT return. You’ll [...]
What is Fringe Benefits Tax?
Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees – including their employees’ family or other associates.