Original article by John Ferguson
The Australian – Page: 5 : 1-Feb-22

Businesses are having to apply to the Australian Taxation Office for guidance on whether supplying rapid antigen tests to their employees will result in them being hit with fringe benefits tax (FBT). Companies will need to meet two tests to avoid having to pay FBT on RATs, with the first being that a medical person conducts the tests. The other test that companies will need to meet is that all staff are offered an RAT, even if not all staff are actually given one. Applying the FBT to a single $10 RAT would see its cost increase to almost $20.

CORPORATES
AUSTRALIAN TAXATION OFFICE