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Saturday, 1 October 2016

Understanding Australian Payroll Legislation – Part II


FBT: Legislative Details

Fringe Benefits are benefits that an employee receives from their employer in place of salary or wages. Fringe Benefits Tax (FBT) is tax that is payable by the employer for non-salary benefits provided to the employee.

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Understanding Australian Payroll Legislation – Part I



PAYG: Legislative Details

Pay As You Go (PAYG) is the system of deducting income tax installments from employees' personal earnings, and remitting the money to the Australian Tax Office (ATO).

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