29 October 2018A car fringe benefit occurs when your business owns or leases a car and makes it available for your employees' private travel. Don't forget that directors might also be employees.
Some examples of providing a car fringe benefit include:
We want to help small businesses - if you've purchased a car for your business, you may receive a letter from us soon to help you work out whether you're providing car fringe benefits.
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We're reviewing our published lists or remote and non-remote areas for FBT.
Single Touch Payroll can streamline your reporting.
Make sure you know the threshold amounts that apply.