What You Need to Know About 2022 Fringe Benefits Tax
On 31 March 2022, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits as a result of COVID-19, the ATO will be reviewing whether all employers who should be paying FBT are paying it, and that they are paying the right amount. To help you meet your FBT obligations, we’ve put together a list of essentials every employer needs to know about FBT and review every year, such as: Should I be registered for FBT? Should you lodge a FBT Return even if no FBT is payable? Key things you MUST do on 31 March 2022 …