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FBT overhaul ‘not a priority’ for government

FBT overhaul ‘not a priority’ for government

The government will be unlikely to abandon fringe benefits tax despite its high compliance cost to revenue intake ratio in the absence of holistic tax reform, says one professional association.

  • Shared by Accountants Daily
  • March 22, 2019
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The Institute of Public Accountants general manager of technical policy, Tony Greco, said that while the compliance costs of FBT were almost five times higher than other taxes, it would be very unlikely for the government to let go of the revenue stream.

Read more at the Accountants Daily.

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