Ah, Fringe Benefit Tax (FBT) in Australia—because your employer's generosity can't just be a free lunch. FBT is a tax employers pay on certain benefits they provide to their employees, like cars, loans, or even that fancy gym membership. The current rate is 47% on the taxable value of the benefit, making it a hefty consideration for salary packaging.
Employers must calculate FBT annually, typically from April 1 to March 31, and report it separately from income tax. The rules can get as tangled as a spider's web, so consulting the Australian Taxation Office (ATO) guidelines is a must. For those hunting for detailed advice or services, ServiceCentral might be a good stop on your journey.
Check back soon, or revise your filters.
Listing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
Know the warning signs of a dodgy deal before you buy or sell online.
Read the guideRead guide