|
31 March 2021
|
$8,853
|
N/A
|
|
31 March 2020
|
$8,714
|
TD 2019/4
|
|
31 March 2019
|
$8,552
|
TD 2018/5
|
|
31 March 2018
|
$8,393
|
TD 2017/2
|
|
31 March 2017
|
$8,286
|
TD 2016/2
|
|
31 March 2016
|
$8,164
|
TD 2015/4
|
|
31 March 2015
|
$7,965
|
TD 2014/4
|
|
31 March 2014
|
$7,779
|
TD 2013/6
|
|
31 March 2013
|
$7,642
|
TD 2012/3
|
|
31 March 2012
|
$7,391
|
TD 2011/2
|
|
31 March 2011
|
$7,190
|
TD 2010/2
|
|
31 March 2010
|
$7,063
|
TD 2009/9
|
|
31 March 2009
|
$6,766
|
TD 2008/6
|
|
31 March 2008
|
$6,614
|
TD 2007/7
|
|
31 March 2007
|
$6,391
|
TD 2006/15
|
|
31 March 2006
|
$6,223
|
TD 2005/11
|
|
31 March 2005
|
$6,084
|
TD 2004/11
|
|
31 March 2004
|
$5,919
|
TD 2003/7
|
|
31 March 2003
|
$5,747
|
TD 2002/8
|
|
31 March 2002
|
$5,505
|
TD 2001/6
|
|
31 March 2001
|
$5,268
|
TD 2000/22
|
|
31 March 2000
|
$5,191
|
TD 1999/44
|
There is a general requirement that an employer must keep records that are adequate to enable their FBT liability to be assessed. The record keeping exemption arrangements provide certain employers with an alternative means of calculating the FBT liability.
Two conditions must be satisfied for the record keeping exemption arrangements to apply to an employer for an FBT year:
(1) a base year needs to be established; and
(2) during the FBT year immediately before the current year the employer has not received a notice from the Commissioner requiring the employer to resume record keeping.
Section 135C of the Fringe Benefits Tax Assessment Act 1986 sets out a number of conditions that must be met before an FBT year is a base year of an employer. One of the conditions is that the employer's aggregate fringe benefits amount in the base year does not exceed the exemption threshold.
For more details refer to the links below