Miscellaneous Taxation Ruling
Fringe benefits tax : purchased goods sold by retailers to employees at cost or above: liability for tax and record keeping requirements
Please note that the PDF version is the authorised version of this withdrawal notice.This document has changed over time. View its history.
Notice of Withdrawal
1. Miscellaneous Taxation Ruling MT 2022 was issued on 28 August 1986. It explained that a taxable fringe benefit does not arise for FBT purposes where purchased goods are sold by a retailer to their employee at or above the cost price to the retailer. As such the retailer did not have to keep records of the sales.
3. The advice provided in MT 2022 has, over time, been incorporated into the public advice product Fringe benefits tax: a guide for employers. The information in that guide provides more detailed information in relation to this issue and is reflective of the current operation of the law.
Commissioner of Taxation
31 July 2019
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