GUTV definition

GUTV means grossed up taxable value.
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GUTV means grossed up taxable value. “Non-salary sacrifice fringe benefits” means any fringe benefit that the Employer provides or result from means other than via the salary packaging arrangements administered by RemServ. Non-salary sacrifice fringe benefits may include, but are not limited to, home garaging of a pool car, private use of a work car, housing assistance, remote area holiday travel, living away from home allowances and salary overpayment loan fringe benefits.
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Examples of GUTV in a sentence

  • If this threshold is exceeded by the addition of the GUTV of salary packaging fringe benefits, the resultant FBT liability will be deemed to be arising because of Salary Packaging Agreements regardless of the circumstances, and is therefore the responsibility of the Employee.

Related to GUTV

  • Homemaker means a person who performs household chores for an individual primarily in her/his place of residence. Household chores may include but are not necessarily limited to housekeeping, meal preparation and shopping.

  • Hookah means a water pipe and any associated products and devices which are used to produce fumes, smoke, and/or vapor from the burning of material including, but not limited to, tobacco, shisha, or other plant matter.

  • Curbside “Curb” means that portion of the right-of-way adjacent to paved or traveled roadways, including the end of a driveway, curb line or alley line. Containers will be placed as close to the roadway as practicable without interfering with or endangering the movement of vehicles or pedestrians.

  • Parade means any procession or body of pedestrians, except members of the Armed Forces, numbering more than 30, standing, marching or walking on any street or sidewalk, or any group of vehicles numbering ten or more, except funeral processions, standing or moving on any street;

  • Tunnelling means the construction of any tunnel beneath the natural surface of the earth for a purpose other than the searching for or winning of a mineral