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 fringe benefit tax payable in
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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. 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. 2 means Fringe Benefit Tax imposed under the Fringe Benefit Tax Decree;
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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 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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Related to Fringe Benefit Tax

  • Fringe benefits means the amount of:

  • 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;

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

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

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • 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 Contributions means those contributions to the PERS retirement system which are deducted from the salary of employees and credited to individual employees' accounts.

  • 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.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • Societal benefits charge means a charge imposed by an electric

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

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