Fringe Benefit Tax (FBT)
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.
Four main groups of taxable fringe benefits:
- motor vehicles available for private use
- free, subsidised or discounted goods and services
- low-interest loans
- employer contributions to sickness, accident or death benefit funds, superannuation schemes and specified insurance policies
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