Weekly Tax Update
FBT year end planning
17 March 2021
Snapshot for the FBT year ending 31 March 2021 FBT rate: 47% Benchmark interest rate: 4.8% Car parking threshold: $9.15 Record-keeping exemption: $8,853 FBT return is due by 21 May, or by 25 June if lodged electronically through your tax agent. Reminder why FBT exists Fringe Benefits Tax is a tax levied on employers Read more…