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.