is tax payable on a non-salary benefit provided to an employee.
A tax on non-salary benefits that is paid by employers on behalf of their employees. Such benefits may include everything from parking to company cars and subsidised home mortgage payments.
A tax payable by the University to the Commonwealth on certain Fringe Benefits.
a tax on a non-salary component of a person's income. Some taxpayers seek to minimise their taxation burden by using flexible salary packages, sometimes known as 'salary sacrifice'. In such a case, a person might have their children's school fees paid directly to the school or their parking fees paid directly to the parking station. This money therefore does not appear as salary and lowers the taxpayer's tax burden. (p. 217)
a tax paid by employers, on behalf of their employees, on non-cash benefits including company cars and mobile phones.
A tax paid on behalf of employees by employers on non- salary benefits, such as company cars, company mobile phones etc.
Fringe benefits tax (FBT) is a tax payable by employers on certain non-salary fringe benefits provided to their employees (and their associates). A benefit includes any right, privilege, service or facility. FBT ensures that tax is paid on those fringe benefits that are provided in place of, or in addition to the salary or wages of employees.
Fringe Benefits Tax (FBT) is the tax applied by the Australian Taxation Office (ATO) to most, although not all, fringe benefits, which are generally non-cash benefits. Most fringe benefits are also reported on employee payment summaries for inclusion on personal income tax returns that must be lodged annually.
Fringe Benefits Tax (FBT) is a taxation of most, but not all fringe benefits, which are generally non-cash employee benefits. The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits.
Fringe Benefits Tax (FBT) is the tax applied to most, although not all, fringe benefits. A new tax was imposed on employers by India's Finance Act 2005 introduced for the financial year commencing April 1, 2005.
Fringe Benefits Tax (FBT) within the system of taxation in New Zealand is the tax applied to most, although not all, fringe benefits ("perks"), including the ones provided through someone other than an employer. FBT is paid to the Inland Revenue Department by the employer and is calculated with reference to the value of the benefit provided to the employee or associate. Legistation governing the imposition of FBT is contained within section C of the Income Tax Act 2004.