The Otherwise Deductible Rule and Declarations – Fringe Benefits Tax (FBT)

The Otherwise Deductible Rule (ODR) is a mechanism within the Fringe Benefits Tax (FBT) legislation which enables the taxable value of an expense payment benefit provided to an employee to be reduced to Nil, this consequently removes the requirement to pay fringe benefits tax.  A tax benefit can be classified as Otherwise Deductible if the […]