Transactional Accounts Question: Download Transactional Accounts PDF
Define Fringe Benefit Tax?
Answer:
The tax payable on a non-salary benefit provided to an employee or an associate of the employee. The employer is liable to pay any FBT and may choose to recover the FBT amount from the employee. Any kind consideration for employment provided by the employer directly or indirectly to his employee that is FBT.
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