How is Fringe Benefit Tax (FBT) applied?

Effective as at 1st April 2007, the ATO increased the minor FBT benefits threshold from $100 to $300. Application of FBT to reward spend on your employees or sales people is dependent on how much you are spending per individual, how often and your companies treatment of FBT.

This may be applicable to your business so if you would like to find out more information please click here to visit the ATO website
and then follow the website link to ‘Fringe Benefits’.

The impact of this change will vary for each organisation and its circumstances, therefore if you have not already, you may also want to speak with your financial advisor in regards to these recent changes and how they may postively impact on your organisation.

We hope that this information was of interest to you. If we can provide any further information or assistance please do not hesitate to contact us on 1300 733 725.