
This calculator may be used by public benevolent institutions, health promotion charities, rebatable employers, public and non-profit hospitals and public ambulance services that provide fringe benefits to their employees.
A fringe benefit is an employment-related benefit provided to an employee. A fringe benefit may be provided to an associate of your employee or by a third party under an arrangement with you.
How this calculator works
This calculator will help you work out an estimate of the amount of Fringe benefits tax (FBT) payable for the fringe benefits that you provide to each of your employees.
The calculator considers the effects of GST as well as the relevant capping amounts.
Information you will need:
- individual fringe benefits amounts for each employee
- the fringe benefits amounts for which you can claim GST credits – if you are registered for GST
- any Excluded fringe benefits amounts, including all car parking benefits, meal entertainment (food and drink), entertainment facility leasing expenses and all other excluded benefit amounts you provided to each employee
- any excluded fringe benefits amounts for which you can claim GST credits
- any Not-for-profit excluded benefits amounts provided to each employee
- any not-for-profit excluded benefits amounts for which you can claim GST credits
- the number of days you were engaged in rebatable activities as an employer during the FBT year
- the number of days you were an employer during the FBT year
Disclaimer
- This calculator provides an estimate only of the FBT payable on benefits provided to employees based on the information you provide.
- The exact amount of FBT payable can only be calculated on lodgment of your fringe benefits tax return.
This information was directly sourced from the Australian Taxation Office website
here.