If your NFP provides fringe benefits to employees, you may have a fringe benefits tax (FBT) liability. Depending on your type of organisation, you may be eligible for FBT concessions.
Whether you are eligible for concessions or not, the ATO Fringe benefits tax will help you understand which benefits may attract FBT and what concessions and exemptions your organisation may be entitled to.
The comprehensive guide covers:
- not-for-profit organisations and FBT
- types of fringe benefits
- calculating FBT
- how to work out and record reportable fringe benefit amounts for employees
- records to keep
- exempt benefits.
To download the ATO guide, click here