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About: Fringe benefits tax     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatPersonalTaxes, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Charge113400798yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Relation100031921yago:Tax113308999yago:WikicatPersonalTaxes New Facet based on Instances of this Class

A fringe benefits tax (FBT) is taxation of most, but not all fringe benefits, which are generally non-cash employee benefits. 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.