FBT

FBT

Salary Packaging

Special Edition

FBT, GST, Public

GST and FBT – Giving vouchers to staff

It is relatively common for employers to buy and give vouchers or gift cards to staff (for example, as a...

FBT compliance strategies for cars that might reduce your FBT payable

When reflecting on an organisation’s FBT compliance, it is useful to consider any compliance strategies that may make compliance simpler...

FBT Q&A – Section 57A employer endorsed part way through the year

Does endorsement of a PBI employer part-way through the year allow access to the full $30,000 grossed up FBT exemption...

Effective FBT control environments

Are you effectively managing your FBT risk? It’s an opportune time to review your processes. With the 2020 FBT return...

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...