Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee or the employee's associate. FBT is separate from income tax and is based on the taxable value of the various benefits provided.

If your business provides fringe benefits to employees then you need to:

• calculate how much FBT you have to pay
• keep the necessary FBT records
• register for FBT
• report fringe benefits on your employees' payment summaries
• lodge a return and pay FBT to the Tax Office
• understand which benefits are exempt from FBT.

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