9BB
CurrentActual value of fringe benefit
Part 2Liability and assessment
Division 2AWages
Subdivision 2Fringe benefits and specified taxable benefits
9BB Actual value of fringe benefit
(1)
The value of a fringe benefit (V) is to be calculated in accordance with the formula —
where —
FBT rate is the rate of fringe benefits tax, imposed for the purposes of the FBTA Act, that applies when the liability to pay‑roll tax under this Act arises;
TV is the taxable value of the benefit as a fringe benefit for the purposes of the FBTA Act.
(2)
The value of a fringe benefit calculated in accordance with subsection (1) is the actual value of the fringe benefit.
[Section 9BB inserted: No. 15 of 2010 s. 7.]
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