Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is tax benefit - definition
Fringe Benefit Tax; Fringe Benefits Tax; Taxable benefit
Tax amortization benefit
In accounting, tax amortization benefit (or tax amortisation benefit) refers to the present value of income tax savings resulting from the tax deduction generated by the amortization of an intangible asset.
Fringe benefits tax
A fringe benefits tax (FBT) is taxation of most, but not all fringe benefits, which are generally non-cash employee benefits. The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits, and allows a Federal Government to more fairly assess taxpayer entitlement to government benefits, or liability to government taxes or levies.
Fringe benefits tax (India)
The fringe benefits tax (FBT) was the tax applied to most, although not all, fringe benefits in India. A new tax was imposed on employers by India's Finance Act 2005 from the financial year commencing April 1, 2005.
Wikipedia
Fringe benefits tax
A fringe benefits tax (FBT) is taxation of most, but not all fringe benefits, which are generally non-cash employee benefits. The rationale behind FBT is that it helps restore equity and fairness to those employees who do not receive such benefits, and allows a Federal Government to more fairly assess taxpayer entitlement to government benefits, or liability to government taxes or levies.
This kind of taxation is done in a number of countries and the applicable laws vary. See the corresponding articles for details.
- Fringe benefits tax (Australia)
- Fringe benefits tax (New Zealand)
- Fringe benefits tax (India)
Examples of use of tax benefit
1. Council tax benefit is available to all low–income households.
2. Most receive 100 per cent housing benefit, 100 per cent council tax benefit and tax credits.
3. Excluding a tax benefit, Dell said it earned 38 cents per share.
4. Article continues Council tax benefit (CTB) provides an income–related component to the system.
5. The Local Government Association again pressed the government to simplify the council tax benefit system.