Category Archives: Tax and Compliance

Articles related to tax and compliance


FBT year end fast approaching!

The FBT (Fringe Benefit Tax) year end is fast approaching, 31 of March 2017

Fringe benefit can include:

  • Property
  • Motor vehicles
  • Other expense payments (loans repayments, child care costs, school fees and home internet and telephone costs etc).
  • Salary superannuation sacrificing

These need to be recorded and included in an annual Fringe Benefits Tax return.

On a lighter note, employees, you can discuss with your employer to provide any of the FBT exempt benefits listed below, in a salary sacrifice arrangement:

  • Portable electronic devices (such as a notepad or a tablet)
  • Computer Software (such as Microsoft Office or any Antivirus)
  • Protective work cloths
  • Tools
  • Stationery

Contact us if you want to learn more about salary sacrificing for yourself or as an employer.