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FBT concession for in-house fringe benefits via salary packaging removed

FBT concession for in-house fringe benefits via salary packaging removed

The Tax Laws Amendment (2012 Measures No 6) Bill 2012 passed the Senate on 25 June 2013 without amendment and effectively awaits Royal Assent. The Bill implements the measure announced in the Mid-Year Economic and Fiscal Outlook 2012-13 to remove the concessional FBT treatment for in-house fringe benefits accessed by way of salary packaging arrangements. The changes […] … Read More