#PSA There has been a change in legislation surrounding fringe benefit tax (#FBT) and the costs of rapid antigen tests (#RATs) so make sure you are up to speed on the changes as we all adjust to #CovidNormal.
In a nutshell: Australians can claim rapid antigen tests (RATs) when they do their #tax, and businesses will be excused from the fringe benefits tax (FBT) as the COVID-19 tests. Additionally business’ FBT liability would be decreased by $20 for a dual-pack of RATs, while a person on more than $45,000 would receive around $6.50 back in tax for a two-pack of RATs worth around $20.
How will this affect your #business? Is there more the government can do to help with this?
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