Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed.
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Fringe Benefits Tax year: 2019-2020
The Fringe Benefits Tax (FBT) year ends on 31 March. Therefore, in this article, we’ve outlined the hot spots for employers and employees.
Fringe Benefits Tax hot spots
With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position.
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