FBT exemptions during emergencies
FBT exemptions for employers during emergencies
With parts of Australia currently experiencing flooding, bushfires and other severe weather events,
tax may be the last thing on your mind.
But it's reassuring to know that when employers help their employees in an emergency situation, certain benefits provided are exempt from fringe benefits tax (FBT).
This exemption applies when employers help employees affected by emergencies or similar events including:
- natural disasters
- serious illness
- armed conflict
- civil disturbances
- emergency meals or food supplies
- clothing, accommodation, transport or use of household goods
- temporary repairs, for example on the employee's home or car. Long-term benefits are not exempt from FBT, such as providing a new house or car to replace one destroyed in the emergency event.