18 May 2020
In emergency situations (like COVID-19), certain benefits you provide employees or their associates may be exempt from fringe benefits tax (FBT).
These common scenarios may help you.
Remember, the minor benefits exemption may apply for minor, infrequent and irregular benefits of under $300.
The due date for lodging and paying the 2020 FBT return has been deferred from 21 May 2020 to 25 June 2020 due to COVID-19.
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