ATO clarifies FIFO employers’ FBT responsibilities for COVID-19 changes

Hayley Lock discusses whether benefits provided to FIFO or DIDO workers as a result of COVID-19 travel restrictions qualify as emergency assistance for FBT purposes.

In the whirlwind past few weeks of COVID-19-related government announcements, you might have missed some crucial clarifications from the Australian Taxation Office (ATO) on the fringe benefits tax (FBT) treatment of certain benefits provided to rostered and rotational workers. This is a good news story – read on!For most professions, the social distancing requirements arising from the COVID-19 pandemic have resulted in wholesale changes to the daily working environment of a company’s employee...

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Authors: Hayley Lock

Published Date: 20 April 2020