29 Mar 12 FBT: exemption threshold 2012-13 - TD 2012/3
On 28 March 2012, the ATO issued Taxation Determination TD 2012/3 entitled "Fringe benefits tax: for the purposes of section 135C of the Fringe Benefits Tax Assessment Act 1986, what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2012?"
It was not previously released in draft form.
The exemption threshold for the FBT year commencing on 1 April 2012 is $7,642. This replaces the amount of $7,391 that applied in the previous year commencing 1 April 2011.