The Fringe benefits tax assignment focuses on policies adopted by Rapid Heat Pty Ltd between 2017 and 2018. The report shall highlight major benefits delivered to the company’s employees during the period.
FBTAA 1986: This act examined in this Fringe Benefits Tax Assignment is significant for the calculation of the tax and the rules for considering an expense to be a fringe benefit. Section 5B provides instructions to be followed to ascertain the amount of taxable income of an employer.
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