Review and Edit FBT Information for the Current Tax Year
(Australia only) Review fringe benefit tax (FBT) information for the current tax year, then add or delete codes as necessary.
The following steps detail how to edit and/or add EDL codes to the FBT Info tab.
When preparing the first tax year record in the PR FBT Summary Process form, the system defaults earnings, deduction, and liability (EDL) codes associated with an FBT type on the FBT Info tab. You can then review the EDL codes and assign a category that determines where the FBT code details display on the PR Fringe Benefit Tax Return report (the 'Details of fringe benefits provided' section of the report). You can also add and delete codes from this tab as necessary.
When you save subsequent tax year records in PR FBT, the system will default the list of EDL codes from the previous tax year. Additionally, the system will default any new FBT EDL codes that you have set up since the previous tax year. If a previous tax year does not exist, the system will default all FBT EDL codes that have been set up in the system.
To edit and/or add EDL codes to the FBT Info tab of the PR FBT Summary Process form: