Published on 24 Aug 07
by THE TAX INSTITUTE
A joint professional body submission sent to the ATO in relation to the draft tax ruling TR 2007/D6 Fringe Benefits Tax: a minor benefit that satisfies the 'less than $300' threshold contained in paragraph 58P(1)(e) of the Fringe Benefits Tax Assessment Act 1986 is not necessarily an exempt benefit. The criteria in paragraph 58P(1)(f) must also be considered.
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