Fringe Benefits Tax (FBT) 2022
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
FBT updates and problem areas:
Assistance and benefits provided due to COVID-19
Motor vehicle problem areas
Mismatched FBT and income tax amounts
Business assets personally used by owners and staff
Not lodging FBT returns
Salary sacrifice and superannuation guarantee
Car parking changes
Travelling or living away from home
Retraining and reskilling benefits
Housekeeping essentials
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