It’s time to file and pay your 2023 Fringe Benefits Tax (FBT) returns if you have provided fringe benefits to your employees or their associates between April 1, 2022, and March 31, 2023. To ensure you comply with the FBT regulations, please make a note of the following:
-The 2023 FBT year ended on March 31, 2023.
-To avoid interest and penalties, you must submit your FBT return and pay any outstanding liability by May 22, as the statutory due date of May 21 falls on a weekend this year. -If you’re submitting electronically through a tax practitioner, the deadline for filing and payment is June 26, as the concessionary due date of June 25 falls on a weekend this year.
-If this is your first time submitting with a tax practitioner, you must contact them before May 21 to add you to their FBT client list to be eligible for the June lodgment and payment date.
-If you’re registered for FBT but don’t need to file a return, please inform us by the due date of your return.
-Although timely filing and payment are essential, we understand that there may be situations where you cannot comply. In such cases, we urge you to contact us or speak with a tax practitioner as soon as possible. Learn more about support for filing and payment and how we can assist you in making payments.