Fringe Benefit Tax

Fringe Benefit Tax

Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees – including their employees’ family or other associates.

The benefit may be in addition to, or part of, their salary or wages package. If you are a director of a company or trust, benefits you receive may be subject to FBT.

FBT is separate to income tax and is calculated on the taxable value of the fringe benefits provided. The FBT year runs from 1 April to 31 March.

What is FBT?

Types of fringe benefits

Fringe benefits tax (FBT) law includes various categories of fringe benefits and specific valuation rules for each category.

You will need to pay FBT even if the benefit is provided to an associate of your employee or by a third party under an arrangement with you.

Follow the links below for more information on:

• Car fringe benefits
• Car parking fringe benefits
• Entertainment and fringe benefits
• Expense payment fringe benefits
• Loan fringe benefits
• Debt waiver fringe benefits
• Housing fringe benefits
• Board fringe benefits
• Living away from home allowance fringe benefits

Other

• Property fringe benefits (including property, goods or shares)
• Residual fringe benefits (benefits not covered by the above categories)

Click the links below to learn more:

• Car fringe benefits
• Lifestyle asset fringe benefits
• Entertainment
• Not-For-Profit