Updates and Changes to FBT Compliance
The Australian Taxation Office (ATO) has recently introduced several updates to Fringe Benefits Tax (FBT) for the current FBT year finishing 31 March 2025, impacting employers and employees alike. This article outlines the key updates to reportable fringe benefits, transport expenses, living allowances, plug-in hybrid vehicle exemptions and alternative record-keeping options. Reportable Fringe Benefits While […]
