Fringe benefits tax (FBT)
If you provide any fringe benefits to your employees, you may need to register for Fringe Benefits Tax (FBT).
What is a fringe benefit?
Fringe benefit tax (FBT) is separate from income tax. FBT is tax you pay on certain benefits that you provide to your employees.
Who can receive a fringe benefit?
A fringe benefit is provided in respect of employment, which effectively means a benefit is provided to somebody who is an employee. If you are a sole trader, you are not an employee of the company, so FBT doesn't apply to you. It's only benefits you provide to your employees not to yourself.