Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee or the employee’s associate.

If your business provides fringe benefits to employees then you may need to:

• calculate how much FBT you have to pay
• keep the necessary FBT records
• register for FBT
• report fringe benefits on your employees’ payment summaries
• lodge a return and pay FBT to the Tax Office
• understand which benefits are exempt from

Examples of benefits include a motor vehicle, car parking, low interest loan and payments of private expenses. If you are an employer and provide fringe benefits to your employees, the Tax Office recommends that you register for FBT.

Pinnacle Tax & Accounting aim to alleviate the burden and stress associated with the FBT tax administration keeping requirements, allowing you and your staff to concentrate on your core business activities.

Let Pinnacle Tax & Accounting take care of your Fringe Benefit Tax Return needs...

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