Fringe benefits tax (FBT) may be considered one of Australia’s most overlooked taxes. It is a tax paid by employers on non-cash benefits provided to their employees, their employees’ family or other associates.
How Pilot can help
Pilot’s advisors can assist you to ensure you are paying FBT when you need to, and are minimising the risk of paying more than you need to. FBT is separate to income tax and is calculated at a rate equivalent to the highest personal tax rate. Due to its high rate, FBT is an expensive area to make mistakes.
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