FBT Q&A – FBT & GST implications of car parking provided to employees
You may be providing car parking to your employees that is not currently subject to FBT. But what happens if a commercial car parking station were to open within a 1km radius with the lowest all-day fee for parking above the relevant threshold during the FBT year? Read on to find out! This Q&A also discusses tax implications of employee contributions for both the employee and employer.
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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.