HR Glossary
What is Fringe Benefits Tax (FBT) (Australia)?
An Australian tax paid by employers on non-cash benefits provided to employees, calculated separately from income tax and assessed on the taxable value of benefits at a current rate of 47%.
Why it matters in hiring
Fringe Benefits Tax (FBT) (Australia) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.
Related terms starting with F
- Form 12BB
- Form 16
- Free Zone Employment Law (UAE)
- Fringe Benefits
- Führungszeugnis (Germany)
- Full and Final Settlement
- Full and Final Settlement
- Full-Time Equivalent (FTE)
Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.
