FBT date is the 31st March

The following is to help you prepare for compliance with your FBT tax obligations.  If you have any questions then please ask your accountant.


Help understanding FBT

17 February 2020

Are you providing benefits to your employees? Are you a bit rusty on knowing when and how fringe benefits tax (FBT) may apply? Our Fringe benefits tax - a guide for employers is your best source when dealing with all things FBT.

The end of the FBT year is fast approaching – 31 March. If you provide benefits to your employees, now is a great time to review the guide to determine if you have FBT obligations. You even have the option to download the guide as a PDF.

The ATO's comprehensive guide will help you to:

  • understand the different types of fringe benefits
  • calculate FBT
  • work out and record reportable fringe benefit amounts
  • know what records to keep
  • identify exempt benefits and when benefits receive concessional treatment.

Remember, you must lodge and pay your FBT return by 21 May unless:

  • you live in an postcode impacted by bushfire - your lodgment is deferred until 28 May 2020
  • we accept a request you make for an extension of time to lodge
  • a registered tax agent lodges your return electronically and meets our lodgment program requirements for FBT.

Extra help at the ATO: