Fringe Benefits Tax (FBT) is a tax imposed by the RSL on the employer, based on the employer’s fringe benefit taxable amount (the value of non cash benefits) afforded to the employee. A fringe benefit is any monetary or non-monetary benefit derived from employment that does not form part of an employee’s normal salary or wage.  Fringe benefits are also referred to as benefits in kind. In summary, fringe or benefits in kind refer to earnings, other than in cash, that are received or due to an employee by virtue of an employment relationship with the employer. If fringe benefits are received or enjoyed by an associate of an employee then FBT must be applied.

Fringe Benefits Tax: the tax is collected quarterly and the accounting thereof is performed annually upon submission of the income tax return by the employer paying the FBT. Find the guide on the attachments below