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Australia Tax Agency Updates FBT Exemption Rules on Employee Taxi Travel

July 9, 2020, 5:00 AM

The Australian Taxation Office July 6 updated the fringe benefits tax (FBT) exemption rules for employers whose employees travel by taxi. The exemption applies to travel provided to employees by employers for a single trip to or from the workplace: 1) on or after April 1, 2019; and 2) in a licensed taxi or other vehicle involving the transport of passengers for a fare, such as a ride-sharing vehicle. [Australia, Australian Taxation Office, 07/06/20]

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