FBT (Fringe Benefits Tax)

Tax on non-cash benefits employers provide to employees.

FBT applies at 47% to the grossed-up value of fringe benefits provided by employers (cars, expense payments, LAFHA, entertainment, salary packaging, etc.). FBT year runs 1 April – 31 March; return due 21 May. Electric Car Discount provides FBT exemption for eligible EVs below the fuel-efficient LCT threshold.