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Salary sacrifice & FBT

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Q: If a not-for-profit offers salary sacrifice below $30,000 annually, should reportable fringe benefits be included in employee PAYG payment summaries?

A: If the benefit is exempt from fringe benefits tax (FBT), it doesn't need to be reported in the employee's payment summary. So, if the salary sacrificed is under $30,000, it likely doesn't need to be included.

If you have any questions, feel free to contact Tax Ideas Accountants & Advisers. You can also book an appointment through our live calendar.

Written by Ideas Group

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