Definition of FBT in English:

FBT

noun

mass nounAustralian, NZ

词汇	FBT
释义	Definition of FBT in English: FBT noun mass nounAustralian, NZ table 3 shows the FBT payable for a vehicle worth $30,000 short for fringe benefit tax Example sentencesExamples The amount of FBT payable is dependent on the distance travelled each FBT year and the price you pay for the car. It is possible to reduce your FBT liability to zero. The regulation provides an FBT reporting exclusion for some child tuition assistance. The private use of employer owned or leased business tools will be exempted from FBT where provided primarily for business purposes. Defence pays FBT on a range of benefits provided for personnel stationed in remote localities. The absence of an arrangement will mean FBT is not payable. All payments are classed as FBT exempt and can be paid from pre-tax dollars. One of the most perverse incentives, however, is provided by the statutory formula method of calculating FBT for vehicles. The cost of additional fuel and maintenance is likely to be around $1,000 less than the reduction in FBT.
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