Not for profits are being encouraged to take part in a review examining compliance costs of the Fringe Benefits Tax (FBT), with an aim of reducing the regulatory burden for the social sector.
The Board of Taxation, an advisory body to the Australian government, is undertaking a review of compliance costs associated with the FBT and exploring opportunities for these costs to be reduced.
The board said they want to hear the not-for-profit sector’s perspective on the issue, and in particular how NFPs manage their obligations and compliance costs, through focus groups, a survey, and case study interviews.
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