Benefits during emergencies exempt from FBT

March 2019

Businesses who pitch in to assist their employees during an emergency or unexpected event such as a bushfire are likely to be exempt from FBT

If your business assists employees during an emergency, for example, floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide.

While we doubt anyone would be thinking about FBT during a crisis, it's good to know that the tax system does not disadvantage your generosity.

The exemption applies in a range of scenarios including natural disasters, accidents, serious illness, armed conflict, or civil disturbances.

As an employer, you might provide benefits such as meals, temporary accommodation, clothing or transport, etc.

In stressful times such as these, it is worth discussing any support you provide with your accountant to ensure you're staying on the right side of FBT lodgements.

Contact us on 02 9957 4033 for more information or send us your enquiry via our website.

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This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.

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