Quantcast
Subscribe to our newsletter
‘Antiquated FBT rules’ set for legislative tweak

‘Antiquated FBT rules’ set for legislative tweak

A legislative fix has been proposed to solve a discrepancy within the current Fringe Benefits Tax Assessment Act that prevents ride-sourcing vehicles from qualifying for FBT exemptions.

  • Shared by Accountants Daily
  • September 11, 2019
share this article

Last week, Treasury released the exposure draft Treasury Laws Amendment (Measures for a later sitting) Bill 2019: Miscellaneous Amendments, seeking to replace the word “taxi” within the FBT Assessment Act and substitute it with “a card used for taxi travel (other than a limousine)”.

Read more at the Accountants Daily.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles