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Fringe Benefits Tax

Fringe benefit tax is a separate tax imposed on the employer. A fringe benefit tax liability arises when there is a non-cash benefit provided to the employee by the employer.

The most common fringe benefits:

car fringe benefits
debt waiver fringe benefits
loan fringe benefits
expense payment fringe benefits
housing fringe benefits
living-away-from-home allowance fringe benefits
airline transport fringe benefits
board fringe benefits
meal entertainment
car parking fringe benefits
property fringe benefits

The rate of fringe benefit tax is 48.5 percent of grossed up value.