FBT exemption, LMITO tax bill introduced into Parliament

Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 was introduced to the House of Representatives on Wednesday and contains two tax measures included in the Morrison government’s 2021–22 federal budget.

by | May 28, 2021

Unregistered tax agent inflates tax deductions

The first of them is the government’s FBT exemption, which will provide employers with a way out of the tax if they offer soon-to-be redundant staff with training or education for the purposes of helping them find new work. 

Read more on Accountants Daily

Share This