Every employer who provides fringe benefits to their employees must prepare and file an FBT return. Here we come handy to file your FBT returns on a quarterly, income year or annual basis. It applies to things like :
Services:
- work vehicles available for personal use
- subsidies on gym memberships or insurance
- discounted goods and services.
- IRD filing
“Pay the fringe benefits freely let us file the taxes on them and claim it back on yearly return”.