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 (Cth).

Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax Act 1986 as amended.

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).

• Purchaser shall, if required by the Administrator, enter into an election with the Company or a Subsidiary (in a form approved by the Company) under which any liability to the Company’s (or a Subsidiary’s) Tax Liability, including, but not limited to, National Insurance Contributions (“NICs”) and Fringe Benefit Tax (“FBT”), is transferred to and met by Purchaser.

• Should the employer’s Fringe Benefit Tax status change, the employer may withdraw or amend the salary packaging scheme by giving notice in writing to those employees participating in the scheme.

• Optionee shall, if required by the Administrator, enter into an election with the Company or a Subsidiary (in a form approved by the Company) under which any liability to the Company’s (or a Subsidiary’s) Tax Liability, including, but not limited to, National Insurance Contributions (“NICs”) and the Fringe Benefit Tax (“FBT”), is transferred to and met by Optionee.

More Definitions of Fringe Benefit Tax

Fringe Benefit Tax or “tax” means the tax chargeable under section 115WA.

Fringe Benefit Tax means fringe benefit tax payable in

Fringe Benefit Tax means the fringe benefit tax imposed under the Income Tax Act 2015;

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: (i) the Benefits nominated by the teacher and approved by the employer; (ii) a salary equal to the difference between the Benefit Value and the salary which would have applied to the teacher or under subclause (a) of this clause, in the absence of an agreement under this subclause; (iii) the available Benefits are those made available by SCEA from the following list: • Superannuation; • Motor Vehicle; and • other benefits as agreed between the teacher and SCEA; (iv) SCEA must advise the teacher in writing of the Benefit Value before the agreement is entered into. During the currency of an agreement under subclause (c) of this clause: (i) Any teacher who takes paid leave on full pay shall receive the Benefits and salary referred to in paragraphs (i) and (ii) of subclause (c) of this clause. (ii) If a teacher takes leave without pay the teacher will not be entitled to any Benefits during the period of leave. (iii) If a teacher takes leave on less than full pay he or she shall receive: • the Benefits; and • the amount of salary calculated as agreed between SCEA and the teacher.

Fringe Benefit Tax. 2 means Fringe Benefit Tax imposed under the Fringe Benefit Tax Decree;

Fringe Benefit Tax means tax imposed by the Fringe Benefits Tax ▇▇▇ ▇▇▇▇ as amended.

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