Fringe Benefit Tax definition

Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986.
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Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986 and further amending legislation.
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Fringe Benefit Tax or “tax” means the tax chargeable under section 115WA.
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Examples of Fringe Benefit Tax in a sentence

  • The maximum allowed to be taken in benefits will be up to the limit of the applicable salary per year; allowed by the Australian Taxation Office before Fringe Benefit Tax is payable (i.e. a figure of $30,000 gross).

  • The maximum allowed to be taken in expense benefits will be up to the amount allowed by the Australian Taxation Office before Fringe Benefit Tax is payable (ie a figure of $16,050 per FBT year, that is 1April to 30 March).

  • The maximum allowed to be taken in benefits will be up to the limit of the applicable salary per year; or as allowed by the Australian Taxation Office before Fringe Benefit Tax is payable.

  • Flexi Care Inc is a Public Benevolent Institution (PBI) and as such is exempt from Fringe Benefit Tax (FBT).

  • Details Laptop computers and Personal Digital Assistants (PDA) can be purchased and ‘salary sacrificed’ through the company without having to pay FBT (Fringe Benefit Tax).

  • To provide a fringe benefit through salary packaging to employees of Southern Cross Care Inc., ABN 65104033471, which is a Public Benevolent Institution (PBI) and as such is exempt from Fringe Benefit Tax (FBT).

  • Tully Nursing Home Inc is a Public Benevolent Institution (PBI) and as such is exempt from Fringe Benefit Tax (FBT) up to a capped level.


More Definitions of Fringe Benefit Tax

Fringe Benefit Tax means the fringe benefit tax imposed under the Income Tax Act 2015;
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Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986 (as amended or replaced).
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Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986. The cost of any Fringe Benefits Tax to SCEA will be borne by the teacher and not SCEA. Conditions of Employment‌ Except as provided by this clause, teachers must be employed at a salary based on a rate of pay, and on terms and conditions, not less than those prescribed by the agreement. Salary Packaging SCEA may offer to provide and the teacher may agree in writing to accept:
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Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986 as amended. The School may offer to provide and the teacher may agree in writing to accept a salary equal to the difference between the Benefit Value and the salary which would have applied to the teacher under subclause (3)(a) of this clause, had salary packaging not been accepted. Conditions of Employment
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Fringe Benefit Tax. 2 means Fringe Benefit Tax imposed under the Fringe Benefit Tax Decree;
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Fringe Benefit Tax means fringe benefit tax payable in
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Related to Fringe Benefit Tax

  • Fringe benefit means health insurance, a retirement benefit received under a pension plan or defined contribution plan, a paid vacation day, a paid holiday, sick leave, or any other similar employee benefit provided by an employer.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Employment Tax means any Tax the liability or responsibility for which is allocated pursuant to the Employee Matters Agreement.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Employment Taxes means all fees, Taxes, social insurance payments or similar contributions to a fund of a Governmental Authority with respect to wages or other compensation of an employee or other service provider.

  • Societal benefits charge means a charge imposed by an electric

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Foreign Benefit Event means (a) with respect to any Foreign Pension Plan, (i) the existence of unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (ii) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (iii) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or to appoint a trustee to administer any such Foreign Pension Plan, or to the insolvency of any such Foreign Pension Plan and (iv) the incurrence of any liability of the Borrowers under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein and (b) with respect to any Foreign Plan, (i) the occurrence of any transaction that is prohibited under any applicable law and could result in the incurrence of any liability by the Borrowers, or the imposition on the Borrowers of any fine, excise tax or penalty resulting from any noncompliance with any applicable law and (ii) any other event or condition that could reasonably be expected to result in liability of any of the Borrowers.