Fringe Benefit Tax is payable by employers who provide fringe benefits to their employees. The two fringe benefit concessions available to certain types of NFPs are FBT exemption and FBT rebate.
This is an exemption from paying FBT. Certain NFPs such as public benevolent institutions and health promotion charities are eligible to receive fringe benefit exemption, subject to a capped threshold. Both employer and employee are able to derive taxation benefits as a result of this concession.
This is an entitlement to rebate equal to 47% of the gross FBT payable, subject to capping threshold. Rebatable employers are certain religious, educational, charitable institutions.