What are Reportable Fringe Benefits?Reportable fringe benefits for employees are additional perks or benefits that you receive from your employer, which may need to be reported to the government....
Reportable Fringe Benefits
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FBT Articles
Property Fringe Benefit
Defining a Property Fringe Benefit Property fringe benefits refer to non-monetary benefits provided by employers to their employees, which can include physical items, real estate, or shares in a...
Entertainment FBT
What is Entertainment for FBT Purposes?Entertainment for Fringe Benefits Tax (FBT) purposes includes the provision of entertainment by way of food, drink or recreation, along with associated travel...
Loan Fringe Benefit
Loan Fringe BenefitWhat is a loan fringe benefit? A loan fringe benefit involves an employer (or an associate or third-party under an arrangement) providing an employee (or an associate of the...
Living Away From Home Allowance (LAFHA)
IN THIS ARTICLE Living Away From Home Allowance Versus Travel Allowance Determining Eligibility for a Living Away From Home Allowance Steps for Administering LAFHA Payments to Employees How To...
Housing Fringe Benefit
A housing fringe benefit occurs when an employee is offered a place to live without charging them rent or at a lower cost than usual. This applies when the provided accommodation is where the...
Car FBT
A car fringe benefit occurs when an employer offers an employee the opportunity to use a vehicle for personal reasons, resulting in a taxable benefit for the employee. This applies particularly...
Salary Packaging – Salary Sacrifice
Salary packaging, also referred to as salary sacrifice, involves an employee sacrificing part of his or her salary in return for non cash benefits (e.g. taking a salary of $120,000 plus a motor...
Car Salary Packaging
Car salary packaging (salary sacrificing) will not always save you money, despite what salary packaging firms would have you believe. In fact, in some circumstances, it can cost substantially more...
Salary Packaging – Salary Sacrifice
Salary packaging, also referred to as salary sacrifice, involves an employee sacrificing part of his or her salary in return for non cash benefits (e.g. taking a salary of $120,000 plus a motor vehicle and superannuation and other benefits as opposed to taking a...
Car Salary Packaging
Car salary packaging (salary sacrificing) will not always save you money, despite what salary packaging firms would have you believe. In fact, in some circumstances, it can cost substantially more than buying a car in your name. For example, we reviewed a quote from a...
Fringe Benefits Tax (FBT)
FBT was introduced into Australia in 1986 by the Fringe Benefits Tax Assessment Act 1986 (“FBT Act”). The FBT Act provides that where a benefit is provided by an employer to an employee (or associate) in respect of his or her employment, the employer (not the...