Fringe Benefit Tax (FBT) Returns
Fringe Benefits are both monetary and non-monetary benefits of being a shareholder or employee of a company (most common example is having unrestricted use of a company vehicle). To have this cost that a company pays, an additional tax called Fringe Benefit Tax (FBT) is charged (as well as tax deductible). Very useful tool in enabling tax deductibility of expenses that would usually be deemed as private expenses (and therefore not tax deductible).