FBT

FBT

Salary Packaging

Special Edition

The FBT exemption for electric vehicles – fully switched on

Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.

FBT & the electric vehicles exemption: the state of play

As at 1 December 2022 legislation implementing the Government's proposal to provide an FBT exemption for certain electric vehicles is...

Councils, FBT, Public

Member Q&A: Salary sacrificing Council rates and FBT – how does it work?

Question We are a Council. If we allow our staff to salary sacrifice their Council rates can we apply the...

Good News: The FBT exemption for electric vehicles is coming!

On the 29th of June 2022, the Government announced a proposal to provide an exemption for Fringe Benefits Tax (FBT)...

Member Q&A: Does the 12 week register method reduce FBT for meal entertainment?

Question Our organisation generally elects to use the 50/50 method in the Division 9A ‘meal entertainment’ provisions of the Fringe...

ATO/General, FBT, Public

Member Q&A – Providing temporary accommodation due to an employee’s relocation

Question We have a staff member that has been appointed to a new role. The staff member currently works in...

ATO/General, Eligibility, FBT, Public

What does a change of Government mean for TaxEd members?

With a change of Government comes new policies and the scrapping of policies previously announced under the former Government (which...

Member Q&A – Lucky door prize won by an employee!

Question If a staff member attends a third party conference and wins a lucky door prize to the value of...

Employer paid or reimbursed road and bridge tolls – a bridge too far?

Where an employer pays/reimburses an employee’s road toll expenditure or allows the employee to use the employer’s electronic road toll...

Charities, FBT, Public

Changes to the ATO process of applying for refunds of franking credits

As 30 June approaches, one of the annual end year processes that may be required of a not for profit...

Member Q&A – In-house therapeutic massage, is FBT relief available?

Question We are considering providing in-house therapeutic massage for all employees. Is this an exempt fringe benefit pursuant to the...

ATO/General, FBT, Payroll, Public, Salary Packaging

Reportable Fringe Benefits – preparing to report

As employers prepare 2021/22 FBT returns it is normal practice to simultaneously prepare Reportable Fringe Benefits data attributable to individual...

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