Concept: Record Fringe Benefits Tax (AUS)

You can record Reportable Fringe Benefits Amounts (RFBA) for workers incrementally throughout the year, or as a one-off input at the end of the Fringe Benefit Tax (FBT) year. Workday reports your YTD Reportable Fringe Benefits Amounts to the Australian Taxation Office (ATO) in every STP submission.

You can record RFBA by doing a pay input using the Workday delivered pay component: AUS Reportable Fringe Benefits (FBT)
. RFBA that you report in Workday doesn't impact a worker's gross-to-net pay.

The FBT year runs from 1st April to the 31st March. Don't enter FBT accumulated between 1st April and the 30th June into Workday until the new tax year starts on the 1st July to avoid FBT being reported to the ATO in the incorrect period.

Workday reports the YTD sum of all the pay components in the pay component group to the ATO: All Reportable Fringe Benefits Amounts (FBT/RFBA)
. If you create your own FBT earnings, ensure that you add them to this pay component group so that they’re reported to the ATO.

Workday delivers the pay balance:All AUS Reportable Fringe Benefits Amounts (FBT/RFBA) - YTD
to sum all pay components in the pay component group for reporting purposes.

Fringe Benefit Tax Exemptions

Some earnings are exempt from fringe benefit tax. Exempt earnings may still need to be reported in the worker's RFBA if the grossed-up amount is more than $2000.

You can record exempt reportable fringe benefits amounts by doing a pay input using one of the Workday delivered pay components: AUS Exempt Reportable Fringe Benefits
, or AUS Exempt Reportable Fringe Benefits - Position Based
.

Workday reports the YTD sum of all the pay components in the pay component group to the ATO: AUS All Exempt Reportable Fringe Benefits Amounts
. If you create any new fringe benefits exempt earnings, add them to the pay component group to ensure they're correctly reported to the ATO.