The University must file a return of fringe benefits provided, and account for fringe benefit tax, to the Inland Revenue Department by completing a return each quarter. This return is completed by the Treasury Accountant. The FBT laws detail the benefits on which employers must pay tax. FBT is a complex issue and advice should always be sought if there is doubt as to whether FBT applies to a particular situation.
Fringe Benefit Tax Gift Register
A FBT Gift Register is available for Departments to record gifts (including subsidised or discounted goods or services) provided to employees that are subject to Fringe Benefit Tax (including subsidised or discounted goods or services).
Use the FBT Gift Register to record gifts provided to employees that are subject to Fringe Benefit Tax.
Related Policies and Procedures
For more information about Fringe Benefit Tax, contact:
Financial Services Division
Tel 03 479 8185