FBT

FBT

Salary Packaging

Special Edition

FBT Q&A – Provision of gifts to long serving employees

Is a local government organization entitled to claim FBT exemption for long service gifts under s. 58Q of the FBT...

FBT – Car Parking threshold for FBT 2021

If employer-provided parking is supplied to employees, have you considered whether the applicable car parking threshold is exceeded for the...

Eligibility, FBT, Public

FBT and Eligibility – Cents per km rates

Have you factored in the 2020-21 car expense rates for FBT and Income Tax purposes respectively? FBT – cents per...

FBT Q&A – Reportable FBT in relation to motor vehicle benefit

Where a vehicle is used for full private use successively by different employees in an FBT year, does each employee...

FBT – Expansion of the taxi travel fringe benefit exemption

There has been a retrospective legislative change that includes ride-sourcing in the FBT exemption relating to taxi travel. Section 58Z...

FBT – Why don’t PBIs and other s. 57A employers pay FBT on non-salary packaged meal entertainment?

Being an employer within s. 57A of the Fringe Benefits legislation gives rise to an unexpected favourable outcome. One of...

FBT – Reportable Fringe Benefits and the pooled or shared car exclusion

Certain FBT benefits in relation to pooled cars are excluded from an employee’s payment summary or income statement under STP....

FBT Q&A – Employee contributions towards meal entertainment

What is the FBT relevance of employee contributions towards meal entertainment? Question We are a tax-exempt body and do not...

FBT Q&A – Payment of employee visa costs

Is reimbursement of a visa application cost subject to FBT? Question We have recently employed a new staff member and...

FBT year-end tips

Some readers will be working towards the FBT return COVID-19 lodgement deadline of 25 June 2020. A few FBT year...

FBT – Hire Cars: When is a car benefit not a car benefit?

Providing an employee with a hire car raises the questions of whether a benefit is provided and if so how...

FBT Q&A – Benefits to employees that have been stood down

Is a person whom an employer has stood down due COVID-19 an employee for FBT purposes during the period of...