Fringe Benefits Tax - All the need-to-knows

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Fringe Benefits Tax (FBT)

On 31 March, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. To help you meet your fringe benefits obligations, we’ve put together all the essential information you need to know on FBT.

FBT
Downloadable
Resources

FBT Questionnaire FBT Questionnaire
FBT Odometer Reading FBT Odometer Reading
FBT Entertainment Schedule FBT Entertainment Schedule
FBT Motor Vehicle Schedule FBT Motor Vehicle Schedule
FBT Expense Benefits FBT Expense Benefits





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GET IN TOUCH FOR YOUR FBT RETURN QUOTE AND PREPARATION GET IN TOUCH FOR YOUR FBT RETURN QUOTE AND PREPARATION


18 Mar

The Fringe Benefit Tax traps

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.


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14 Nov '23

FBT-Free Electric Cars

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. 


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5 Apr '23

Why You Should Lodge an FBT Return

Why should you lodge an FBT return where no FBT is payable? Well, for the simple reason that it turns on a three-year deadline for the ATO to commence audit activities. This is a NEW ATO rule as a result of massive deficits due to COVID. The ATO need to gain more funds somehow...FBT liability is one of the methods.


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