Fringe Benefits Tax-return lodgment and payment
You must lodge a fringe benefits tax (FBT) return if you have an FBT liability during an FBT year. The FBT year runs from 1 April to 31 March.
Lodgment
You must lodge your FBT return by 21 May unless you lodge via a tax agent who has been given another lodgment date.
Penalties for not lodging on time
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You may have to pay a penalty if you lodge your FBT return after the due date.
Penalties determined by entity size (large,medium, small) and the period the FBT return in overdue. |
A large entity is either:
- a large withholder for pay as you go (PAYG) withholding purposes
- an entity that has an assessable income or current goods and services tax (GST) turnover of $20 million or more.
A medium entity is either:
- a medium withholder for PAYG withholding purposes
- an entity that has an assessable income or current GST turnover of more than $1 million and less than $20 million.
A small entity is an either that is not a medium or a large entity.
Failure to lodge on time penalty amounts
Days overdue |
Large |
Medium |
Small |
28 or less |
$550 |
$220 |
$110 |
29 to 56 |
$1,100 |
$440 |
$220 |
57 to 84 |
$1,650 |
$660 |
$330 |
85 to 112 |
$2,200 |
$880 |
$440 |
113 or more |
$2,750 |
$1,100 |
$550 |
If you do not pay any tax you owe by the due date, you must pay this penalty as well as any general interest charge that may apply.
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