Tax relief for benefits provided during emergencies

The recent spate of fire and flood that has hit Australian states has caused devastating loss to many people. If your business assists employees during such an emergency, fringe benefits tax is unlikely to apply to the assistance you provide. While we doubt anyone would be thinking about FBT during a crisis, it’s good to know that the tax system does not disadvantage your generosity.

The exemption applies in a range of scenarios including natural disasters, accidents, serious illness, armed conflict, or civil disturbances.

As an employer you might provide benefits such as meals, temporary accommodation, clothing, transport, or even cash support. Self-employed business owners who are employees of their own company or Trust, can also benefit from these concessions.

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