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Fringe Benefit Tax

Most employers have to deal with Fringe Benefits Tax and ATO scrutiny of compliance will only intensify as the concept of income broadens to include Reportable Benefits provided to employees. Fringe benefits can still be used effectively to structure a tax effective remuneration package but employers must be careful in ensuring they comply with the calculations of benefits as well as the reporting obligations.

We have experience structuring remuneration packages which are tax effective for the employee and do not expose the employer to unnecessary risks or compliance costs. We have special industry experience in respect of international airlines, motor vehicle dealerships and advertising and have assisted a number senior executives on international transfers to structure their remuneration.

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