Client Resources

Fringe Benefit Tax

Fringe Benefits Tax (FBT) obligations – Motor Vehicles

The Australian Taxation Office's ongoing focus is identifying employers that may have an FBT obligation.

It is important to record for each vehicle:

  • The odometer reading as at 31 March
  • The odometer reading at both purchase and disposal.

You must also maintain for each vehicle:

  • A detailed log book;
  • Purchase, sale and finance contracts;
  • Registration, insurance, maintenance, fuel and other running cost tax invoices.

Please Note: Cars are those that are designed to carry less than 1 tonne and fewer than 9 passengers.

For any assistance regarding this matter, please do not hesitate to contact our office.

Please feel free to send the collected information to our office for processing, alternatively, please include with your source documents when submitting your annual paperwork.