Road to a Successful Fringe Benefits Tax (FBT) Return: Australia & New Zealand

fringe benefits tax australia and new zealand

With the short turnaround time to prepare the fringe benefits tax returns, it’s critical businesses have appropriate policies in place and ensure they accurately capture, code and consider fringe benefits within their fringe benefits
tax return.

While preparing the fringe benefits tax (FBT) return, businesses are juggling preparing for quarter and year end reporting, both at an employee and an employer level. This is especially challenging for tax, payroll, finance and human resources teams who have to manage these obligations all while undertaking business as usual activities.

Depending on the effectiveness of policies and processes already in place to capture and code expenses, and collate all required data for the return, the time taken to complete the FBT return all while maintaining regulatory compliance, may impact on the amount of tax payable by a business.

Despite these challenges and the complexities that surround the various FBT regimes in both Australia and New Zealand, there are a number of simple measures businesses can do to set themselves up for a successful FBT return. It is also important to note that whilst both Australia and New Zealand operate FBT regimes, both regimes are different in terms of how they operate, the benefits they capture and the potential exemptions available when it comes to parking, electric cars, public transport, Covid related concessions, 'trailing' payments and many more.


  • FBT reporting requirements, lodgement date, tax rates and administrative considerations
  • FBT exemptions, concessions and other considerations
  • Who is really an 'employee' for FBT purposes
  • Learn more about fringe benefit categories
  • Common FBT valuation methods
  • Employer record keeping requirements
  • FBT comparison between Australia and New Zealand
  • FBT policy framework considerations
  • recent FBT updates in Australia and New Zealand
  • FBT checklist for Australia and New Zealand
  • Useful links