Fringe Benefit tax

This query is : Resolved 

17 September 2008 For Valuing the Fringe Benefit tax, It is necessary for company to have its own Motor cars

Expenses incurred by the company on Rent, Insurance and running & maintance of Motor car owned by the directors would attaract FBT?

17 September 2008 Yes, FBT is payable on the expenses mentioned.



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