Importing Data for Fringe Benefit Tax (FBT) Reporting

You're able to import your reportable Fringe Benefit Tax (FBT) total that you've collated from an external source.

A fringe benefit is a 'payment' to an employee, but in a different form than salary or wages.
Examples of fringe benefits include:

  • Allowing an employee to use a work car for private purposes.
  • Giving an employee a discounted loan.
  • Paying an employee's gym membership.
  • Providing entertainment by way of free tickets to concerts.
  • Reimbursing an expense incurred by an employee, such as school fees.
  • Giving benefits under a salary sacrifice arrangement with an employee.

For more information on what does not qualify as an FBT please read here.

Below is an example of a Sample file downloaded, with the existing example row deleted. Then add in all the FBT we wanted to upload.

  Please note this Screen Navigation has no sound, please watch and follow along for helpful tips on importing FBT.

Import Fringe Benefit Tax total for End of Financial Year reporting

Employers can generally claim an income tax deduction for the cost of providing fringe benefits and for the FBT they pay. Employers can also generally claim GST credits for items provided as fringe benefits.

In foundU, FBT can only be input to your platform via a CSV import.

  1. There are 2 ways to arrive at the import page. Either from the STP page by clicking the button in the top right-hand corner or via selecting the hamburger icon to open the full menu and select Integrations> CSV Import.
  2. From the Select import type drop-down menu select Fringe Benefit Tax.
  3. You're able to use Download Sample to produce a CSV document where you can add your external fringe benefit data in the correct format.
  4. The Get Field Definitions button will provide you with a brief description of the different import fields.
  5. Below is an example of a Sample file downloaded,  with the existing example row deleted. Then add in all the FBT we wanted to upload (in this case it was only 1 row, but you can have more rows if you have multiple employees you're uploading FBT for.

  6. Please note: Ensure to delete any data (other than the headings) or else you can use the Download Blank file option. You will have columns of candidate id, financial year, office code ID, office code label, reportable FBT amount and reportable FBT exempt amount. Please note the office code columns are optional and they will automatically pull in from the data in your platform.
  7. Then upload your Fringe Benefit Tax document that you've just created by clicking the Import CSV button. A blue line will appear as the download is completed. You'll now see the FBT against the employees uploaded in your STP finalisation.

Where the FBT total appears in foundU
Fringe Benefit Tax FAQS

Here are some of our Frequently asked questions on the topic of FBT:

Where do I find my FBT figures within foundU?

Your foundU platform does not calculate your FBT figures, they are calculated externally to foundU. Once you have calculated your figures, you can use the FBT CSV import to include them.

I have imported the wrong FBT amounts, what can I do to fix this?

If you have done this, please reach out to our foundU support team so we can assist in correcting the FBT for these employees.

If my platform has 2 different paying entities, do I need to do 2 different FBT Imports?

You are able to supply both office codes as part of the FBT upload process, so that this can be done in one upload. 

I need to import FBT amounts for terminated employees. Can this still be done, even though they are terminated?

Yes it can, when you import FBT amounts for terminated employees, it will move the ex-employee back to unfinalised for STP as this is an STP update event. 

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