SBA

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.

Benefits include:

• provision of a motor vehicle for the private use of the employee. FBT is calculated on the availability rather than actual usage
• provision of a loan as a result of an employee’s employment, that incurs less interest than the commercial rates available to another individual
• receiving goods and services because of the employee’s position at favourable rates not available to non-employees
• subsidised transport resulting from employment
• contributions to funds, insurance and superannuation schemes.