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Fringe Benefits Tax Compliance Cost Review

Background

In February 2018, the Minister for Revenue and Financial Services wrote to the Board requesting that the Board conduct a comprehensive review of the compliance costs associated with obligations under Fringe Benefits Tax (FBT) legislation. The Minister also requested that the Board examine the approach in comparable countries to the taxation of fringe benefits provided by employers to their employees. As part of the review, the Board is conducting a number of research initiatives to estimate and identify reasons for compliance costs. This includes conducting focus groups, online surveys and case study interviews. Further information on each initiative and how you can participate is outlined below.

The Board is intending to provide its advice based on this research to the Government in early 2019.

Working Group

The Board has appointed Board member, Mrs Rosheen Garnon, to lead the work on this review. Mrs Garnon is assisted by a number of other Board members including Ms Karen Payne (CEO) and Mr Neville Mitchell. In addition, the Board has formed a working group made up of representatives from the Australian Taxation Office, Treasury, academia, the G100 and professional firms.

Research Initiatives

The Board encourages all relevant stakeholders to participate in our research initiatives where possible. Your participation will help the Board formulate its recommendations by identifying areas where we can reduce the time and compliance cost associated with complying with their FBT obligations.

Focus Groups for the design of the survey are now completed. Thank you to those who participated.

On-line Surveys will be conducted to collect large-scale data on compliance costs and the drivers of material compliance costs. This will include a survey of a random sample of taxpayers as well as a public survey for stakeholders to complete on a voluntary basis.

All survey responses will remain anonymous and only aggregate results will be published.

  • Dates: Late September or early October.
  • Location: A link will be posted here and in our CEO updates. You can also subscribe to receive email notifications about Board of Taxation updates.

Case Study Interviews with employers will be conducted to gain an in-depth understanding of the compliance costs they experience; what drives these costs and what could be done to reduce these costs.

  • Dates: October and November 2018 (approximately 1 hour)
  • Location: various locations by phone, video conferencing or in person.

Further Information

For further information about the Board’s work on FBT compliance costs, please contact the Board of Taxation Secretariat at research@taxboard.gov.au or 02 6263 4366.