Australian Tax Exemptions Extended to More Electronic Devices

From the 1st of April, 2016 small businesses in Australia can provide employees with multiple work related devices without incurring a fringe benefits tax (FBT) liability.

The devices can include:

  • laptops
  • tablets
  • calculators
  • GPS navigation receivers
  • mobile phones

Currently an FBT exemption can apply to more than one portable electronic device used primarily for work purposes, but only where the devices ” … perform substantially different functions.”

Employers can purchase the devices at any time, but can’t give them to employees until the start of April 2016.

This benefit can be in addition to each employee’s current salary package.

To be eligible for the FBT exemption the employer must have an annual turnover of less than A$2 million.