Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$24.20
Document Type
Article
Pages
11
Notes Online Home 2021 FBT Other developments for FBT in the 2021 FBT year
ATO offers ‘lifeline’ for employers providing emergency assistance during COVID-19
In this section of the seminar notes we examine the FBT treatment of benefits provided to employees to deal with the challenges surrounding COVID-19. More specifically:
- ATO confirms FBT relief for employers providing ‘emergency assistance’ to employees during COVID-19
- New guidelines confirm FBT windfall for employers providing accommodation and meals to FIFO and DIDO employees
- NTAA table summarises the income tax, GST and FBT implications of employers providing COVID-19 related benefits