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‘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.

‘Antiquated FBT rules’ set for legislative tweak
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  • Shared by Accountants Daily
  • September 11, 2019
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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.

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