RSM Australia tax partner Tracey Dunn said the change to the definition of taxi under the FBT Act has been long-awaited.
Ms Dunn encouraged employers who had incurred basic "taxi" travel expenses for employees in the 2020 FBT year to review and lodge an amendment to their return.
Source: Law Daily Report (lawdailyreport.net)
Don't worry, I'm sure those savings will trickle down to employees! Ronald Reagan told me that and he's NEVER been wrong ever, especially not about how the wealthy hoard money
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