Which fringe benefits amount should I use for “C. Taxable value of fringe benefits” on the Certified Statement of Rateable Remuneration?
Most employers should use the sum of the pre-grossed up amounts for 13A and 13B, i.e. the sum of the amounts in the boxes shaded (light grey), as shown in Figure 1 below, less any amounts that do not apply to Victorian Workers. Note: Hospitals, Public Benevolent Institutions, Health Promotion Charities and other bodies that have an ATO-provided exemption from Fringe Benefits are not required to declare any exempt fringe benefit amount at item C. Taxable Value of Fringe Benefits in their Declaration of Rateable Remuneration. PBI’s, health promotion charities, public hospitals, non-profit hospitals or public ambulance services should contact their WorkSafe Agent for advice.
Related Questions
- Ive heard that I can give de minimis fringe benefits to my business employees without increasing my employees taxable income. What benefits qualify as de minimis?
- Which fringe benefits amount should I use for "C. Taxable value of fringe benefits" on the Certified Statement of Rateable Remuneration?
- Do employees currently value pension benefits as part of the remuneration package?