FRINGE BENEFITS TAX (FBT)
The FBT year ended on 31 March 2024 and each employer is required to calculate their liability for FBT. Where a liability for FBT exists an annual return is required to be lodged and any tax paid by 21 May 2024. However, if the return is lodged electronically by a Tax Agent the due date of lodgement and payment is 25 June 2024.
In addition, there may still be specific COVID-19 related concessions available, some of which are noted below.