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

   www.ato.gov.au › how-fringe-benefits-tax-works

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   Jul 16, 2024 · 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. As an employer, you must self-assess your FBT liability for the FBT year (1 April to 31 March).

   • Fringe benefits tax - Australian Taxation Office

     In detail. Detailed information about fringe benefits tax....

   • Fringe benefits tax – rates and thresholds | Australian ...

     A flat statutory rate of 20% applies to all car fringe...

   • What's new in FBT - Australian Taxation Office

     To help you deal with FBT obligations in the context of...

   • 2022 Fringe benefits tax return instructions | Australian ...

     Lodgment and payment dates may differ depending on if you...

2. www.ato.gov.au › fringe-benefits-taxFringe benefits tax - Australian Taxation Office

   www.ato.gov.au › fringe-benefits-tax

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   In detail. Detailed information about fringe benefits tax. 71121. Work out your fringe benefits tax liability and how to lodge your return.

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

   www.ato.gov.au › tax-rates-and-codes › fringe

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   Mar 31, 2021 · A flat statutory rate of 20% applies to all car fringe benefits you provide from 1 April 2014, regardless of the distance travelled. Work out your taxable value and FBT payable with the car calculator. The exception is where there is a pre-existing commitment in place, before 7:30pm AEST on 10 May 2011, to provide a car.

4. tdv.ato.acc.ato.gov.au › forms-and-instructionsWhat's new in FBT - Australian Taxation Office

   tdv.ato.acc.ato.gov.au › forms-and-instructions

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   To help you deal with FBT obligations in the context of COVID-19 we have information on our website, as well as fact sheets on our legal database regarding car fringe benefits and working from home benefits. Car parking fringe benefits. Taxation Ruling 2021/2 Fringe benefits tax: car parking benefits which was published on 16 June 2021.

5. sig.ato.gov.au › forms-and-instructions › fringe2022 Fringe benefits tax return instructions | Australian ...

   sig.ato.gov.au › forms-and-instructions › fringe

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   Apr 13, 2022 · Lodgment and payment dates may differ depending on if you lodge your own FBT return, or a tax agent lodges on your behalf. You may also wish to refer to the 2022 Fringe benefits tax (FBT) return and the FBT guide for employers .

6. tdv.ato.acc.ato.gov.au › businesses-andFringe benefits tax - Australian Taxation Office

   tdv.ato.acc.ato.gov.au › businesses-and

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   Dec 3, 2018 · This is separate from income tax and is calculated on the taxable value of the fringe benefits provided. Fringe benefit. A fringe benefit is a 'payment' to an employee, but in a different form to salary and wages. Benefits include rights, privileges or services. For example, a fringe benefit may be provided when an employer:

7. People also ask

   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. As an employer, you must self-assess your FBT liability for the FBT year (1 April to 31 March).

   How fringe benefits tax works | Australian Taxation Office

   www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/how-fringe-benefits-tax-works

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   What is a fringe benefits tax (FBT) rate & threshold?

   • Fringe benefits tax (FBT) rates and thresholds for employers for the 2020–21 to 2024–25 FBT years. An FBT rate of 47% applies across these years. The FBT year runs from 1 April to 31 March. Certain rates and thresholds are referenced from the relevant taxation determination. Tax determinations are only published for:

   Fringe benefits tax – rates and thresholds - Australian Taxation Office

   www.ato.gov.au/tax-rates-and-codes/fringe-benefits-tax-rates-and-thresholds

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   How do I reduce my Fringe Benefits Tax (FBT)?

   • Reduce your FBT through alternatives such as cash bonuses. How benefits provided to employees of not-for-profit organisations are treated for fringe benefits tax (FBT) purposes. How salary sacrificing works for employers, including effective arrangements and what can be salary sacrificed.

   Fringe benefits tax | Australian Taxation Office

   www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax

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   Do you have to pay fringe benefits tax?

   • A business will have to pay fringe benefits tax if its employees use the business’s assets for their own personal enjoyment and enrichment. For example, if someone uses a company car for personal use, or if you reimburse school fees, or if you offer discounted loans from the company, you’ll have to pay FBT.

   What is FBT? An employer’s guide to Fringe Benefits Tax - MYOB Pulse

   www.myob.com/au/blog/fringe-benefits-tax-101/

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

   www.myob.com › au › blog

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   Jul 12, 2021 · Here, we take a look at what you need to do in order to calculate, report, and pay fringe benefits tax in Australia. Fringe Benefits are split into Type 1 and Type 2 benefits. The below steps provided by the ATO to help you calculate your FBT. Step 1: Total it up. Work out the taxable value (pre-gross up) of all fringe benefits you provide to ...