Fringe Benefits Tax Assessment Act 1986
Where:
(a) an employer has not furnished a return in respect of a year of tax; and
(b) the Commissioner is of the opinion that the employer is liable to pay tax in respect of that year;
the Commissioner may, whether during that year or after the end of that year, make an assessment of:
(c) the fringe benefits taxable amount of the employer of the year of tax; and
(d) the amount of tax payable on that fringe benefits taxable amount.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.