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Notes Online Home 2023 FBT Car Fringe Benefits – Avoid Costly Mistakes and Get It Right
This chapter of the seminar notes examines Car Fringe Benefits, under the following broad headings:
- Fundamentals of car fringe benefits
- ATO puts the audit spotlight on the Statutory formula method
- An essential guide to calculating the taxable value under the operating cost method
- How to identify if a car fringe benefit is a Type 1 or Type 2 benefit
Choosing between the Statutory formula and Operating cost methods – an NTAA guide