General – Should we apply for an ATO Class Ruling?

FBT, GST and other tax issues can be complex and can cause confusion about compliance requirements. We previously published an article discussing the use of Private Rulings to address this uncertainty. Sometimes, specific issues can affect a group of taxpayers. Rather than each individual taxpayer applying for their own Private Ruling, the group may prefer …

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FBT Q&A – A list of salary-sacrifice benefits?

From an FBT and income tax perspective there is no restriction on the types, or amounts, of benefits that can be salary sacrificed by an employee. Refer to Taxation Ruling TR 2001/10 for further guidance. As an FBT taxable employer, you are not eligible for the FBT capping thresholds. In consequence, any salary sacrifice arrangement, …

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