Fringe Benefits Tax (FBT) is a tax which is applied to benefits you receive from your employer that are not in the form of cash salary or wages. For example, a novated lease is a benefit outside your salary or wages – so it is subject to FBT. As of the 1st April 2017, the FBT rate is 47%.
Our knowledgeable experts have answers to most common questions: check out our full FAQs list