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New FBT Calculator for NFPs

The ATO has released a Not-for-Profit Fringe Benefits Tax calculator suitable for use on mobile devices.

The calculator allows public benevolent institutions (PBIs), health promotion charities (HPCs), rebatable employers, public and not-for-profit hospitals and public ambulance services to work out an estimate of the amount of FBT payable for the fringe benefits that they provide to employees, employees’ associates or third parties by arrangement.

The ATO said that the intent of the redesigned tool is to allow the use of the calculator on mobile devices, such as smartphones and tablets.

To view the calculator click here.

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