FB2020 Business Tax – FBT exemption for retraining redeployed employees
FBT exemption for retraining redeployed employees The Budget confirmed the Government’s announcement on 2 October 2020 that it will provide an FBT exemption for employer-provided retraining and reskilling benefits provided to redundant, or soon to be redundant, employees where the benefits are not related to their current employment. Currently, FBT is payable if an employer provides training […]