FBT

FBT

Salary Packaging

Special Edition

FBT Alert: Ride-sourcing travel services such as Uber may be subject to FBT

The ATO has recently confirmed their view that the FBT exemption for taxis only applies to vehicles that are licensed...

FBT, Public, Salary Packaging

Salary Packaging and FBT – Timing issues of employee contributions and the effect of a journal entry

Do you offer salary sacrifice arrangements to your employees? This article discusses the timing issues that you need to consider...

Eligibility, FBT, GST, Payroll, Public, Salary Packaging

General Article – E-invoicing, not electronic invoicing – there is a difference

Money flows out under digital process such as Single Touch Payroll (STP) – what if money could flow in through...

FBT Q&A – Car transferred to employee as part of redundancy package

Question An employee was made redundant and as part of his redundancy package there was the transfer of ownership of a...

FBT Q&A – Are exempt ‘workhorse cars’ subject to the car parking fringe benefit rules?

Do we need to pay FBT on the ‘car parking’ of a utility truck designed to carry a load of...

FBT – Overseas conferences: The apportionment conundrum!

Do you have staff attending conferences away from their usual place of residence? Attendance at overseas and interstate conferences raises...

FBT Q&A – What are the FBT implications of benefits and outplacement services provided to former employees?

What are the FBT implications of benefits provided to former employees? This Q&A discusses some possible exemptions for employers that...

FBT – Can a smart watch be exempt from FBT?

The ATO has considered whether a smart watch can be exempt from FBT in a recent private binding ruling (PBR)....

FBT Q&A – Living-away-from-home allowance (LAFHA) for employee posting overseas: Food and accommodation

Question Council is planning to have an employee posting overseas for six months. For the reasonable food component, if Council...

FBT Q&A – A list of salary-sacrifice benefits?

From an FBT and income tax perspective there is no restriction on the types, or amounts, of benefits that can...

FBT – Fringe Benefits Tax Compliance Cost Review

The Taxation Board of Review is conducting a review of costs of complying with FBT. As part of the review,...

FBT, Payroll, Public

Payroll Article – Changes to 2017/18 Payment Summary reporting requirements for Reportable Fringe Benefits

Changes to rules regarding eligibility measures for various Federal Government benefits/payments and income tests (effective 1 January and 1 July...