What employers need to know about fringe benefit tax 2017
The FBT year ends on 31 March 2017
The ATO will be looking closely at whether every employer who should be paying FBT is, and if they are paying the right amount. If you: –
- Provide cars
- Car spaces
- Reimburse private (not business) expenses
- Provide entertainment (food and drink)
- Employee discounts etc.
- Then you are likely to be providing Fringe Benefits and are therefore liable for FBT!
We have developed a short online survey to assist you to determine whether you need to consider FBT compliance.
Please read the full article on our website for more information or complete the short survey.
