FBT Tax Ruling TR 2021/2.

Fringe Benefits Tax: Car Parking Benefits

From 1 April 2022, the new ATO tax ruling TR 2021/2 came into effect for the 2022/23 FBT year, replacing TR 2019/D5 and TR 96/26. The ruling introduces updated definitions and criteria, including a revised meaning of a commercial parking station. These changes may significantly affect employers who have previously treated certain parking arrangements as exempt.

National Parking FBT helps clients understand and apply these changes, ensuring each element of the ruling is interpreted correctly for their specific circumstances. Our team can review your current approach, identify any compliance risks, and advise on the potential impact to your FBT obligations.

For full details of the new ruling:
• ATO TR 2021/2 – Fringe Benefits Tax: Car Parking Benefits (click here)
• Download PDF version (click here)

If you have any questions about how TR 2021/2 applies to your organisation, please contact us.