Yahoo India Web Search

Sign In

Search results

  1. www.ato.gov.au › businesses-and-organisationsFringe benefits tax | Australian Taxation Office

    An overview of FBT. Find out how FBT applies, what you need to do as an employer, and what deductions you can claim. Types of fringe benefits. Find out which benefits are subject to fringe benefits tax (FBT) and how to work out the taxable value of the benefits. Exemptions, concessions and other ways to reduce FBT.

  2. www.ato.gov.au › how-fringe-benefits-tax-worksHow fringe benefits tax works | Australian Taxation Office

    Jan 19, 2023 · What is fringe benefits tax? Fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates. FBT is separate to income tax. It's calculated on the taxable value of the fringe benefit.

  3. www.ato.gov.au › tax-rates-and-codes › fringeFringe benefits tax – rates and thresholds | Australian ...

    Mar 31, 2021 · Fringe benefits tax (FBT) rates and thresholds for employers for the 2020–21 to 2024–25 FBT years. Last updated 22 May 2024. Print or Download. On this page. Tax determinations. Pay by instalments threshold. Rate for 31 March 2021 to 31 March 2025. Gross-up rates for FBT. Reportable fringe benefits.

  4. cleartax.com.au › tax › specific-taxes-and-leviesDemystifying Australia's Fringe Benefits Tax (FBT) - Clear Tax

    Jul 5, 2023 · A fringe benefits tax is the tax that an employer has to pay to provide certain benefits to his employees in addition to their salaries or wages. The benefits provided are termed fringe benefits, which can help you reduce your taxable income as an employee.

  5. www.myob.com › au › blogWhat is FBT? An employer’s guide to Fringe Benefits Tax

    Jul 12, 2021 · Fringe Benefits Tax refers to tax paid by employers on specific benefits they provide to their associates, employees, or even employees’ families, such as cars or shares. According to the ATO (Australian Taxation Office), FBT can apply even in scenarios where the benefits are provided by any third party working with the employer.

  6. www.pwc.com.au › tax › employment-taxes2024 FBT Series: Navigating Fringe Benefits Tax (FBT ... - PwC

    Apr 2, 2024 · What are Fringe Benefits? Broadly speaking, fringe benefits refer to the rights, privileges, salary-sacrifice or employment-related items (i.e. meal entertainment) provided by an employer to their employee (or associate), in respect of their employment. There are many categories of fringe benefits, including: Cars. Debt waiver. Loans.

  7. business.gov.au › Registrations › Register-for-taxesRegister for fringe benefits tax (FBT) | business.gov.au

    Jan 18, 2024 · If you provide fringe benefits to your employees, the Australian Taxation Office (ATO) recommends you register for FBT. Check the ATO website for more information on fringe benefits tax. Register for FBT (and other taxes) Register for FBT online through the Business Registration Service.