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Fringe Benefits Tax

Having trouble understanding Fringe Benefits Tax and how it applies to your car finance? At Auto Approve, we’re experts on explaining Fringe Benefits tax and how you can save money on your taxes.

What is Fringe Benefits Tax?

In short, the ATO applies a tax to all ‘fringe benefits’- that is, non-cash benefits paid to employees. Allowing employees use of company cars are one of the biggest fringe benefits, which is where we come in.

Fringe benefits tax is imposed on the employer, not employee, and there are associated tax breaks for employers paying fringe benefits tax for company cars – give us a call to discuss your situation.

Would you like more information?

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