A fringe benefits tax (FBT) is

tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...

ation of most, but not all

fringe benefits Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Insta ...

, which are generally non-cash

employee benefit Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any othe ...

s. The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits, and allows a Federal Government to more fairly assess taxpayer entitlement to government benefits, or liability to government taxes or levies. This kind of taxation is done in a number of countries and the applicable laws vary. See the corresponding articles for details. *

Fringe benefits tax (Australia) The fringe benefits tax (FBT) is a tax applied within the Australian tax system by the Australian Taxation Office. The tax is levied on most non-cash benefits that an employer provides "in respect of employment." The tax is levied on the employ ...

Fringe benefits tax (New Zealand) Fringe benefits tax (FBT) within the system of taxation in New Zealand is the tax applied to most, although not all, fringe benefits (" perks"), including the ones provided through someone other than an employer. FBT is paid to Inland Revenue by th ...

* Fringe benefits tax (India)

References

{{Reflist Personal taxes Employee benefits