Benefits during emergencies exempt from FBT
Aspen Corporate • 17 May 2019

Benefits during emergencies exempt from FBT

If your business assists employees during an emergency, for example floods, bushfires etc., then fringe benefits tax is unlikely to apply to the assistance you provide. While we doubt anyone would be thinking about FBT during a crisis, it's good to know that the tax system does not disadvantage your generosity.

The exemption applies in a range of scenarios including natural disasters, accidents, serious illness, armed conflict, or civil disturbances.

As an employer you might provide benefits such as meals, temporary accommodation, clothing or transport, etc.

by Aspen Corp 2 July 2025
From 1 July 2025, ATO debt may cost you more. Two types of interest charges on Australian Taxation Office (ATO) debt will no longer be deductible.
by Aspen Corp 2 July 2025
Division 296 super tax is the Federal Government proposal to impose an extra 15% tax on total superannuation balance earnings over $3 million.
by Aspen Corp 2 July 2025
The rise of Financial Influencers or ‘Finfluencers’ - the risks of taking advice from unqualified sources can have serious consequences.
by Aspen Corp 2 July 2025
Trust structures have been prized for asset protection and flexibility with income distributions. However, with regulatory changes and mounting administrative complexity has the shine worn off?
by Aspen Corp 2 July 2025
What does the One Big Beautiful Bill mean for Australian investors, especially super funds and small businesses with US exposure?
by Aspen Corp 17 June 2025
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.
More posts