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New ATO Guide To FBT for NFPs


31 July 2006 at 1:07 pm
Staff Reporter
The Australian Tax Office has produced a new publication guide on the administration of Fringe Benefits Tax (FBT) for Not for Profit organisations.

Staff Reporter | 31 July 2006 at 1:07 pm


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New ATO Guide To FBT for NFPs
31 July 2006 at 1:07 pm

The Australian Tax Office has produced a new publication guide on the administration of Fringe Benefits Tax (FBT) for Not for Profit organisations.

The new guide is aimed at helping organisations decide if there is a fringe benefit tax obligation, recognising the FBT concessions that might apply and how to calculate fringe benefits liability.

The Guide explains how FBT works and
-details the fringe benefits most commonly provided
– explains how to calculate the FBT payable for these benefits
– what records must be kept in relation to FBT
– explains in brief the less commonly provided benefits, and
– where to locate more detailed information.

To order a printed copy, phone the Publications Distribution Service on 1300 720 092 and quote number – NAT 14947.
If you would like an electronic copy in PDF format just send us an email with the words ATO FBT Guide 2006 in the subject line to probono@probonoaustralia.com.au.



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