FBT changes bite States: TIA

AUSTRALIAN States and Territories will be shortchanged by current Fringe Benefit Tax and GST legislation, according to the Taxation Institute of Australia.

It also claims proposed FBT changes to GST on employee benefits are inequitable and will operate to the disadvantage of employees.

The proposed legislation will introduce two ‘gross up’ formulae for FBT.

The choice of formula will depend on whether the provider of the benefit is entitled to a GST input credit.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer