FBT Exemption For Retraining Employees Has Been Passed Through Parliament
The Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 has been passed through both houses of parliament. This means that employers will be given an exemption from FBT if they provide education or training to a redundant, or soon-to-be redundant, employee for the purpose of assisting that employee to gain new employment. This exemption […]
CGT and FBT Exemption Draft Legislation Released
The Australian Government has published two pieces of draft legislation which were originally announced in the most recent federal budget from October 2020. The first piece of legislation which has been released include measures to exempt employers from the 47 percent fringe benefits tax (FBT). The second piece of legislation released provides a capital gains […]