Non-cash benefits

Non-cash benefits include remuneration and benefits paid or payable other than in cash and given to an employee in connection with their employment. You must treat these benefits as wages for payroll tax purposes if they:

• form wages (within the ordinary meaning of the term)
  
  or
  
  
• are specifically listed in the definition of wages found in the Schedule of the Payroll Tax Act 1971 (e.g. fringe benefit).
  

Valuing non-cash benefits

The value of non-cash benefits (other than fringe benefits) that fall within the definition of wages is the higher of the following:

• the amount agreed under arrangements between the employer and employee as the value of the taxable wages
• the amount attributed by the employer as the value of the taxable wages having regard to arrangements between the employer and employee
• the amount worked out by the Commissioner as the value of taxable wages having regard to arrangements between the employer and employee.
  

Evidence of value

You must give evidence of the value of the taxable wages if we ask for it.

If we are not satisfied with the evidence provided, we may appoint a person to value the taxable wages. If the value stated by the appointed person is more than the value you have stated, we may claim all or part of the valuation costs from you.