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  TAX - A to HFringe Benefits TaxFBT - Non-profit organisations      Saturday, 24 August 2019  

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FBT - Non-profit Organisations (Salary Sacrifice Opportunities)


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Summary of Content on this Topic viewable by our subscribers
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  1. Calculators
  2. Salary Sacrificed Meal Entertainment - Significant change from 1 April 2016
  3. Capping of Concessional FBT
  4. Exempt Organisations FBT Concession - 1 April 2017 to 31 March 2019
  5. Rebatable Organisations FBT Concession - 1 April 2017 to 31 March 2019 
  6. Exempt Organisations FBT Concession - 1 April 2015 to 31 March 2017
  7. Rebatable Organisations FBT Concession - 1 April 2015 to 31 March 2017
  8. Exempt Organisations FBT Concession - 1 April 2014 to 31 March 2015
  9. Rebatable Organisations FBT Concession - 1 April 2014 to 31 March 2015
  10. Exempt Organisations FBT Concession - pre 31 March 2014
  11. Rebatable Organisations FBT Concession - pre 31 March 2014
  12. Links to expert information on FBT - Non-profit Organisations

   
Exempt Organisations FBT Concession from 1 April 2014 to 31 March 2015
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Most hospitals receive a FBT exemption capped at $17,000 per employee.

$17,000 is the grossed up value of $9,010 of fringe benefits (53%).

Normal FBT on $17,000 is $7,990 (47%)
.

Most public benevolent institutions receive a FBT exemption capped at $30,000 per employee.

$30,000 is the grossed up value of $15,900 of fringe benefits (53%).

Normal FBT on $30,000 is $14,100 (47%).


   
Rebatable Organisations FBT Concession from 1 April 2014 to 31 March 2015
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Most charitable institutions and most non-government organisations that are income tax exempt, qualify for an FBT rebate.  As a rebatable employer, you are eligible for a rebate of 48% of the amount of FBT that would otherwise be payable.

$30,000 is the grossed up value of $15,900 fringe benefits.

For example:
Normal FBT on $30,000 @ 47% =                                $14,100
Less: Concession:$14,100 @ 48% =                       -   
$  6,768
FBT Payable                                                             =   $  7,332  (24.4%)

Refer to the links below for more details.


   
Exempt Organisations FBT Concession pre 31 March 2014
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Most hospitals receive a FBT exemption capped at $17,000 per employee.

 

$17,000 is the grossed up value of $9,095 of fringe benefits (53.5%)

 

Normal FBT on $17,000 is $7,905 (46.5%)


 

Most public benevolent institutions receive a FBT exemption capped at $30,000 per employee.

 

$30,000 is the grossed up value of $16,050 of fringe benefits (53.5%)

 

Normal FBT on $30,000 is $13,950 (46.5%)

 


   
Rebatable Organisations FBT Concession pre 31 March 2014
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Most charitable institutions and most non-government organisations that are income tax exempt, qualify for an FBT rebate.  As a rebatable employer, you are eligible for a rebate of 48% of the amount of FBT that would otherwise be payable.

$30,000 is the grossed up value of $16,050 fringe benefits.

For example:
Normal FBT on $30,000 @ 46.5% =                             $13,950
Less: Concession:$13,950 @ 48% =                       -   
$  6,696
FBT Payable                                                             =   $  7,254  (24.2%)

Refer to the links below for more details.


   
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This page was last edited on 22 April 2019

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