The 2023 Fringe Benefits Tax (FBT) year is coming to an end on 31st March 2023. This is the time for employers to think about their FBT obligations.
Employers need to determine if they have an FBT liability for existing fringe benefits provided to their employees or associates between 1st April 2022 and 31st March 2023.
You can refer back to our 2022 Christmas FBT article here for FBT implications and consideration.
For further information on how to lodge an FBT return and pay the amount due by 22nd May 2023 please visit the Australian Taxation Office (ATO) website here.
Hall Chadwick QLD is not a financial advisor. This article should not be taken as financial or investment advice and is general in nature. You should consider seeking independent financial and legal advice to see how the information provided relates to your unique circumstances.
