FBT Return

FBT Return, or Fringe Benefits Tax Return, is a form that employers in Australia complete to report and pay taxes on non-wage benefits provided to their employees. These benefits can include things like company cars, expense payments, or low-interest loans. The FBT is separate from income tax and is calculated based on the value of these benefits. Employers must file the FBT Return annually, typically by the end of March, to ensure compliance and to calculate the tax owed for the fringe benefits provided during the financial year.