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COVID-19 and the Fringe Benefits Tax

Many employers have provided assistance throughout the last twelve months to their employees due to the ongoing COVID-19 pandemic and the need to work from home,  as well as the need for emergency assistance, or because of changes to working conditions; for example, garaging work vehicles at an employee’s home.

Have you considered whether this assistance or change in circumstances might attract fringe benefits tax?

The Australian Taxation Office have issued a factsheet for all employers which you can read here.

Find more information on the working from home fringe benefits here.

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