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Notes Online Home 2017 FBT Other critical developments for FBT in the 2017 year
New guidelines highlight FBT minefield with employee ‘debit cards’
In this section of the notes we look at the new guidelines which highlight FBT minefields with employee debit cards. In particular, the following:
- When does an employer provide a fringe benefit to an employee using a debit card?
- Classifying benefits provided under a debit card
- Is an employee who is provided with a debit card receiving a Type 1 or Type 2 benefit?
ATO confirms sting with employee debit cards that include the ability to make cash withdrawals