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Fringe Benefits Tax (FBT)

Fringe Benefits Tax or FBT is a tax employers pay on certain benefits they provide to their employees, employees’ family members or their other associates. FBT is separate to income tax and is calculated on the taxable value of the fringe benefits provided.

FBT can be levied on provision of Car, Housing, travel, entertainment etc.The FBT system carries a number of reporting and compliance obligations that AVS can advise on and support you in meeting.

Apart from giving general advice on the impact and amount of FBT you’re required to pay, AVS also assists businesses with various FBT requirements including preparation, review and lodgement of returns.

We can streamline the FBT process by helping you:

  • understand how FBT works
  • identify when a fringe benefit is provided
  • access available exemptions
  • comply with your obligations
  • build FBT into salary packaging
  • communicate with your employees
  • liaise with the Australian Taxation office on FBT matters

We will ensure you’re meeting your FBT obligations, while minimising its impact.

Disclaimer : All the content (including Blogs, newsletters, Fact sheets, calculators etc.) provided on this website is general information only and is neither intended to nor be considered personal financial or taxation advice. The content has been prepared without taking into account your personal circumstances, financial situation or objectives. In making any financial, investment or taxation decision, information provided on this website should not be relied upon and you should seek personal advice. AVS Business Services Pty Ltd disclaims any responsibility for any decision that you make, based on the information provided on this website.All the information provided on this website is prepared in good faith and based on AVS’s knowledge and understanding of superannuation, taxation and other relevant laws and is believed to be correct at the time of writing the information. However as the laws, being dynamic by nature, keeps on changing, you should not rely on the information provided on this website without first obtaining advice from qualified professional.