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Five Points About Fringe Benefits Tax You May Need To Consider

It’s time for businesses to lodge their Fringe Benefits Tax (FBT) returns. Here’s what you need to know for your 2017/18 lodgement and how to best prepare for next year’s FBT return. 1. Lower FBT Rate. The good news is that as of March 31st the FBT rate will be lowered from 49% to 47%. As part of the 2015/16 Budget, the Government introduced a temporary repair levy of 2% on individuals whose personal income was $180,000 and above and,

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