- Australian Taxation Office issued updated guidance on fringe benefits tax (FBT)
- Topics covered include the 47 percent FBT rate for tax years 2022 through 2025
- Separate gross-up rates for benefit providers eligible and ineligible to claim GST credits
- Recordkeeping exemption threshold of A$9,786 (US$6,467) for the year ending March 31
- Criteria for the exempt private use of eligible electric vehicles
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
