Provide your employee a cash bonus through your payroll system. If you do this instead of providing a fringe benefit you won’t have to pay FBT. Remember, payments of salary and wages amounts are not fringe benefits. The employee will pay income tax on the amount.
Last modified: 26 Aug 2022
Expense payments fringe benefits tax
Steps | Progress | ||||
---|---|---|---|---|---|
Fringe benefits overview |
3 mins | ||||
Providing an expense payment fringe benefit |
5 mins | ||||
Reducing your FBT liability |
3 mins | ||||
Expense payment FBT records |
2 mins | ||||
Related courses |
1 mins | ||||
Course Feedback |
|||||