If I have an established Employer Assistance Program, is there any limit to the nature of the assistance or value that I can provide my employees?
Is there any FBT implications when I do this?
What kind of agreements/docmuentation do I need to have in place?
Hi @MBK
Depending on the facts of the arrangement there's a chance FBT will apply to the employer assistance program.
There are exemptions for certain benefits provided to employees and requirements that need to be met.
Have a look at Chapter 20 of Fringe benefits tax: a guide for employers. It provides an overview of the various exemptions available.
In respect of documentation, Record keeping for FBT and Chapter 4 of the FBT Guide - Fringe benefits tax record keeping, explains the record keeping requirements for FBT. You'll need records to allow your FBT liability to be assessed – which would include records and agreements showing you meet any FBT exemptions.
We recommend looking through the above info. You can also get in touch with us for tailored technical assistance as we'd need more info to determine if an exemption applies.
Hi @MBK
We'll check this one out and let you know
Hi @MBK
Depending on the facts of the arrangement there's a chance FBT will apply to the employer assistance program.
There are exemptions for certain benefits provided to employees and requirements that need to be met.
Have a look at Chapter 20 of Fringe benefits tax: a guide for employers. It provides an overview of the various exemptions available.
In respect of documentation, Record keeping for FBT and Chapter 4 of the FBT Guide - Fringe benefits tax record keeping, explains the record keeping requirements for FBT. You'll need records to allow your FBT liability to be assessed – which would include records and agreements showing you meet any FBT exemptions.
We recommend looking through the above info. You can also get in touch with us for tailored technical assistance as we'd need more info to determine if an exemption applies.
22 Apr 2024 · 3 min read time
15 Apr 2026 · 4 min read time
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