Fringe Benefits Tax: Quick Guide For 2022
Fringe benefits relate to all the extra advantages an employer can provide to employees and their connections and it is important for employers to understand what they are and the implications they have on the business. Fringe benefits tax can be costly but if considered properly there are ways to manage it to create benefits for both employers and employees.
This quick guide outlines what fringe benefits tax (FBT) is, who pays it, what is exempt, how to calculate it and some specific examples of how it works.