Tag: FBT

Accounting business accounting Business Management Uncategorised

The importance of managing Fringe Benefits Tax for businesses

Fringe Benefits Tax (FBT) is a tax that is levied on the non-cash benefits provided to employees in addition to their salary or wages. FBT is a separate tax from income tax and is paid by the employer, not the employee. Here are some reasons why businesses should consider reviewing their fringe benefits: Compliance with […]

by Ritchie Cruz

May 30, 2023

Tax

Car Salary Packages, FBT, and the Deductibility of After-tax Running Costs

By: Steve Burnham Including a car in a salary package is a popular remuneration arrangement, and doing so as part of a salary sacrifice package will often give rise to a “novated lease”. Costs in operating the vehicle can also be salary sacrificed. This is typically referred to a fully novated lease. Car salary packages, […]

by Dee Estaniel

January 26, 2017