GUTV definition
GUTV means grossed up taxable value.
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.
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.