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  • Fringe benefits tax exemption to support retraining and reskilling

    On 2 October 2020, the government announced its intention to provide employers with an exemption from fringe benefits tax (FBT) if they provide training or education to a redundant, or soon to be redundant, employee for the purpose of assisting that employee to gain new employment.

    This measure is now law and can be applied to retraining and reskilling benefits provided on or after 2 October 2020, as long as certain conditions are met.

    See also:

      Last modified: 06 Jul 2021QC 64093