Fringe Benefits Tax

Providing fringe benefits to your employees can be a useful way of attracting and rewarding employees.

Employees can choose to salary sacrifice, to receive a benefit instead of receiving a part of their wage. A common example is providing an employee with the use of a car.

Fringe Benefits Tax applies to some non-wage benefits provided by employers to employees. Some non-wage benefits include:

  • Use of a car
  • Car parking
  • Entertainment
  • Expense payments
  • Housing
  • Living away from home allowance

If your business provides any of the above benefits to employees, we can assist you in determining whether a fringe benefit has occurred. There is also the chance to mitigate your liability. We provide the following services and advice in relation to Fringe Benefits Tax:

  • Accessing FBT concessions
  • Providing advice around ways to reduce your FB liability, such as salary packaging of motor vehicles
  • Advice regarding Living Away From Home Allowances
  • Preparing calculations on FBT liability and preparing annual Fringe Benefits Tax Return
  • Preparation of FBT compliance manuals

Talk to us to find out more

Call +61 3 9988 1900 or fill in the form below

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