FBT checklist, April 2021

This edition of the monthly update is a special bonus edition dedicated to the area of Fringe Benefits Tax with the inclusion of a comprehensive checklist.

As a brief refresher, FBT is paid by employers on certain benefits they provide to their employees or their employees’ family or other associates. FBT applies even if the benefit is provided by a third party under an arrangement with the employer. See here/#:~:text=A%20fringe%20benefit%20is%20a%20%27payment%27%20to%20an,in%20the%20business.%20Examples%20of%20fringe%20benefits%20include%3A) for more details.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.