Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
6 Dec 2022

Hi there


In Payment Summaries (Group Certificate), Employers need to declare the RFBA (Reportable Fringe Benefit Amount) for the $ amount of fringe benefit provided to the employee. I am looking for potential consequences for non-reporting/ under reporting of RFBA in payment summaries/group certificate.


https://www.ato.gov.au/General/Fringe-benefits-tax-(fbt)/In-detail/Employees/Reportable-fringe-benefits---facts-for-employees/#Whenyouhavereportablefringebenefits


Thanks

422 views
1 replies
422 views
1 replies

Most helpful response

Most helpful reply

CaroATO(Community Support)Community Support
7 Dec 2022

Hi @Rahul.Arora,


When you sign off on documents, you're letting us know the information is true and correct to the best of your ability.


We pride ourselves on having a tax system that is fair for everyone. We can apply penalties for making false or misleading statements.


We understand people do make mistakes and where possible give you an opportunity to correct them.


Have a look at the information on our website where it talks about penalties for statements and positions that are not reasonably arguable.

All replies

Most helpful reply

CaroATO(Community Support)Community Support
7 Dec 2022

Hi @Rahul.Arora,


When you sign off on documents, you're letting us know the information is true and correct to the best of your ability.


We pride ourselves on having a tax system that is fair for everyone. We can apply penalties for making false or misleading statements.


We understand people do make mistakes and where possible give you an opportunity to correct them.


Have a look at the information on our website where it talks about penalties for statements and positions that are not reasonably arguable.

Loading
Penalty for RBFA | ATO Community