GLOBAL PAYROLL MAGAZINE
17
e Benefits
“At the very least Payroll and FBT need to be good friends, who communicate regularly and understand each other’s needs and obligations!”
The FBT law contains specific taxing rules, namely exemptions and concessions, for different employer types including Charities, Not for Profits, Small Business and employers operating in designated Remote Areas. In 1999, the Reportable Fringe Benefits regime was introduced, to effectively “complete” the reporting of fringe benefits from not just an employer reporting requirement to a reporting requirement for employees.
Made with FlippingBook - Online magazine maker