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Enter FBT

Add fringe benefit tax to employees at year end.

Updated over 10 months ago

Currently, in Definitiv, it only caters for the gross FBT amount, and this is applied by using the standard pay item called FBT.
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To make sure the FBT (Fringe Benefit Tax) amounts are reported within the correct financial year, we recommend that you add this pay item as a line item in the pay run for each employee that requires FBT to be reported.
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When you enter figures against the FBT standard pay item for an employee, it will be reported to the ATO via Single Touch Payroll.
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In addition, any amount under $3773 will not show as reportable FBT. For more information, refer to the ATO website.

Note: We are unable to advise the rules set by the ATO on the values of this item for your employees.

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