FBT Rebatable Employers

The FBT rebate is an entitlement to a 47% rebate of the gross FBT payable , subject to a $30,000 capping threshold. (for FBT Year ending 31 March 2018)

Organisations that qualify for an FBT rebate are referred to as ‘rebatable employers’.

If the total grossed-up taxable value of fringe benefits provided to an employee exceeds the $30,000 cap limit a rebate cannot be claimed for the FBT liability on the excess amount.

The current Fringe Benefits Tax Rate is:  47%  (for FBT Year ending 31 March 2018)

Please click the following link to see an example of the FBT calculation for Rebatable Employers.

If you are a Charity you must be endorsed by the ATO to access the FBT rebate.

Other non-profit organisations can self-assess their entitlement.

Rebatable employers are certain non-government, non-profit organisations.  Organisations that qualify for the FBT rebate include:

  • certain religious, educational, charitable, scientific or public educational institutions
  • trade unions and employer associations
  • non-profit organisations established to encourage music, art, literature or science
  • non-profit organisations established to encourage or promote a game, sport or animal races
  • non-profit organisations established for community service purposes
  • non-profit organisations established to promote the development of aviation or tourism
  • non-profit organisations established to promote the development of Australian information and communications technology resources
  • non-profit organisations established to promote the development of the agricultural, pastoral, horticultural, viticultural, aquacultural, fishing, manufacturing or industrial resources of Australia.

 

Please click the following link to view a salary packaging worked example for employees of Rebatable Organisations.