Estimated method

Requirements

The estimated method for declaring the value of fringe benefits for payroll tax can only be used if the employer was liable to pay FBT for a period of not less than 15 months prior to the start of the relevant tax year.

Using the estimated method for the 2018-19 Annual Reconciliation requires you to declare the Victorian component of the total taxable value of fringe benefits declared in the FBT return ending 31 March 2019, grossed up by the Type 2 factor.

Assistance

If you need more information on this topic, contact our payroll tax enquiry service on 13 21 61.