Fringe Benefits Tax (FBT)

Tax payable by an employer for certain non-cash fringe benefits. Different types of non-cash benefits provided to employees may be treated differently for FBT purposes. For instance, salary-sacrificed superannuation contributions are FBT-exempt; salary-sacrificed cars can be concessionally-valued for FBT; and salary-packaged home mortgage repayments and school fees are among non-cash benefits subject to full FBT – which is based on the top marginal tax rate. (See Fringe benefits).
< Back