Introduction to ONESOURCE Fringe Benefits Tax

ONESOURCE Fringe Benefits Tax provides a total management approach to fringe benefits tax. Fringe benefits tax is a tax payable by employers on the value of certain benefits provided to employees or associates of employees in respect of the employment of the employee. A fringe benefit is a benefit provided by an employer to a current, future, or former employee, or an associate of the employee, an associate of the employer, or a third party under arrangement between the employer or the employer's associate and a third party. Fringe benefit tax is always paid by employers and is separate from income tax. Salary and wages are not fringe benefits.

This help system provides general information on using the ONESOURCE Fringe Benefit Tax application. For the most up-to-date information on current Fringe Benefit Tax legislation, go to the Australian Taxation Office website.

The information here is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we try to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received, or that it will continue to be accurate in the future. Don't act on information contained in ONESOURCE Fringe Benefits Tax without appropriate professional advice. We do not accept responsibility for the accuracy and correctness of the information as it applies to individual circumstances.