Assignment Question For an organisation that focuses on making a profit, there are many Fringe Benefits Tax exemptions and concessions in the law. With reference to legal authority, analyse this statement (Australian Taxation)
Some benefits are exempt from fringe benefits tax (FBT) or receive concessional treatment (for example, living away from home allowance). Specific exemptions and concessions apply to some non-profit organisations.
Following exemption and concessions are given below.
There are many more FBT exemptions but the above helps to give a flavour of the extent and breadth of the available exemptions.
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