You may have to pay Fringe benefits tax (FBT) if you:
provide your employees or their family members with COVID-19 tests such as a rapid antigen test, […]
Employers will need to work out if you have an FBT liability for fringe benefits you’ve provided to […]
1.1 Changes to personal income tax rates
The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e., from […]
6 Final reminders of how to reduce tax for 2020
As a business owner, there are many obligations that you need to consider and action just before and after 30 June.
Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. […]
COVID-19 employment benefits
Some queries have related to fringe benefits tax (FBT) and the supply of items from an employer to staff to […]
Businesses affected by COVID-19 can now access support from the ATO on managing their tax affairs
Also, affected businesses will be able to apply for remission of interest and penalties.
Affected businesses are being encouraged to […]
What every employer needs to know about fringe benefits
To help you meet your fringe benefits obligations, […]
Options available to assist businesses impacted by COVID-19
Commissioner of Taxation Chris Jordan is encouraging businesses impacted by the coronavirus to get in touch with the ATO to discuss relief […]
FBT exemption
However, some benefits are exempt from FBT or receive concessional treatment.
Taxi travel by an employee is an exempt benefit if the travel is a single trip beginning or ending at the employee’s place […]
Lifestyle assets data matching program protocol
The ATO will obtain information from data providers for the 2013/14 and 2014/15 financial years, to identify taxpayers who are […]