The operating cost method of calculating the FBT payable on a car fringe benefit requires more onerous paperwork to be kept than the statutory formula method. Part of this paperwork includes maintaining a log book of travel undertaken in the car for a minimum period of 12 weeks. The logbook that is kept is then […]
FBT ‘ Simplified Approach for Calculating FBT for Fleet Cars Read More »
Question: With the introduction of the $5,000 cap in regards to salary packaged meal entertainment and entertainment facility leasing expense benefits commencing from 1 April 2016, what impact does this have for a PBI employer where, for example, meal entertainment is provided directly to employees not via salary packaging. Is this now potentially subject to
FBT Q&A ‘ Non-Salary Packaged Entertainment of PBI Employers Read More »
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