Annual fringe benefit tax returns are required to be lodged by all employers who provide “fringe benefits” to employees.
The fringe benefits year runs from 1 April – 31 March
Fringe benefits tax is payable by the employer
Popular fringe benefits are:
- Car benefits
- Entertainment
- Loan benefits
Specific exemptions include:
- Relocation costs
- Minor benefits
- Living away from home allowances
