Tax Fundamentals – Fringe Benefits Tax

$198.00 AUD Inc. GST

At the conclusion of this training, attendees should be able to:

  • define a fringe benefit;
  • identify when a fringe benefit has been provided;
  • determine the category of fringe benefit a benefit falls into and the specific valuation rules attached;
  • understand where the specific benefits appear on the Fringe Benefits Tax Return;
  • identify the various exemptions and reductions to taxable value;
  • understand how the GST and income tax provisions interact with FBT;
  • identify a reportable fringe benefit amount;
  • distinguish between effective and ineffective salary sacrifice arrangements;
  • discuss the tax planning opportunities associated with salary sacrificing.

The currency of this resource material is at 21 January 2021.