Fringe Benefits Tax : Car parking Benefits

Coming into effect on 1 April 2022 for the current 22/23 FBT year, the new tax ruling TR 2021/2 has now replaced TR 2019/D5 and TR 96/26.

The definition of a commercial parking station, as well as other key terms, are some important changes from the previous tax ruling. These changes may have a significant impact on employer provided parking which has previously been exempt. NPC can assist clients navigate these changes and importantly, advise how each ruling amendment may apply to their specific requirements.

For full details of the new Tax Ruling 2021/2, please see below.
- ATO TR 2021/2 Fringe Benefits Tax: Car parking benefits, click here
- To download the PDF version, click here

To discuss any questions relating to the new tax ruling TR 2021/2, please contact us.