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FBT – Fringe Benefits Tax Compliance Cost Review

The Board of Taxation has announced that it is conducting a review into FBT compliance costs. This process may involve, or at least interest, our readers.

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The Taxation Board of Review is conducting a review of costs of complying with FBT.

As part of the review, the Board is seeking to estimate compliance costs and identify reasons for these costs.

The review may affect our readers in several ways:

  • you may want to consider registering to participate in focus groups (currently proposed for Sydney CBD and Canberra) – scheduled to be held in August 2018;
  • your organization may be selected to participate in on-line surveys – scheduled to be held in late August/early September 2018;
  • other stakeholders may choose to participate in a public on-line survey – scheduled to be held in late August/early September 2018; or
  • your organization may want to consider registering to participate in case study interviews – scheduled to be held in October 2018.

Further details are available through the link provided above.

Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.