Fringe Benefits Tax Return Preparation Worksheet

Business Details

• Business Name: [Insert Legal Business Name]
• ABN: [Insert 11 Digit ABN]
• FBT Year: [Insert FBT Year, e.g. 1 April 2023 to 31 March 2024]
• Contact Person: [Insert Name]
• Phone Number: [Insert Phone Number]
• Registered Tax Agent (if applicable): [Insert Agent Name or Number]

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Section 1: Summary of Taxable Benefits

Type 1 Grossed-up Amount (GST Creditable)

• Total Type 1 Taxable Value: $[Insert Amount]
• Gross-up Rate: 2.0802
• Type 1 Grossed-up Amount: $[Calculated: Taxable Value x 2.0802]

Type 2 Grossed-up Amount (No GST Credit)

• Total Type 2 Taxable Value: $[Insert Amount]
• Gross-up Rate: 1.8868
• Type 2 Grossed-up Amount: $[Calculated: Taxable Value x 1.8868]

Total FBT Payable

• Total Grossed-up Amount: $[Sum of Type 1 and Type 2]
• FBT Rate: 47%
• Net FBT Payable: $[Total Grossed-up Amount x 0.47]

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Section 2: Detail of Individual Benefits

Motor Vehicles

• Description of Vehicle: [e.g., 2022 Toyota Hilux Ute]
• Number of Vehicles: [Insert Number]
• Calculation Method Used: [Statutory Formula / Operating Cost]
• Total Taxable Value: $[Insert Amount]

Entertainment

• Description: [e.g., Christmas Party, Client Meals]
• Total Taxable Value: $[Insert Amount]

Loans and Debt Waivers

• Description: [e.g., Interest-free loan to employee]
• Total Taxable Value: $[Insert Amount]

Expense Payments

• Description: [e.g., Golf club membership, school fees]
• Total Taxable Value: $[Insert Amount]

Housing and Living Away from Home

• Description: [Insert Details]
• Total Taxable Value: $[Insert Amount]

Other Benefits

• Description: [Insert Details]
• Total Taxable Value: $[Insert Amount]

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Section 3: Deductions and Credits

• FBT instalments paid during year: $[Insert Amount]
• Other Credits: $[Insert Amount]
• Amount Due/Refundable: $[Calculated Balance]

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Declaration

I declare that the information provided in this worksheet is true and correct.

Signed: [Signature] Date: [DD/MM/YYYY]