4.1ÌýÌýÌýÌý Fringe benefits tax
With the introduction of the Fringe Benefits Tax Assessment Act 1986 (FBTAA), the Federal Government introduced a taxation regime targeted specifically at non-cash remuneration provided to employees (or their associates).
The legislation contains a complex set of rules that prescribe how a fringe benefit is identified and the determination of the 'taxable value' of that benefit. A flat tax rate of 47% is levied on employers on the taxable value of any fringe benefits provided to employees. The aim of the FBTA is to equate the taxation of fringe benefits with the taxation of cash remuneration.
FBTAA,
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Web page updated on 17 Mar 2025 15:07