- Date
-
27 May 2008
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the
Fringe Benefits Tax Assessment Act 1986
to remove the fringe benefits tax (FBT) exemption for food and drink provided as part of a salary sacrifice arrangement; Fringe Benefits Tax Assessment Act 1986
, Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
to restrict FBT exemptions for certain work-related items; Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
in relation to the tax treatment of employee share scheme arrangements; and Income Tax Assessment Act 1997
to increase to four years the period over which depreciable in-house software can be written off for tax purposes.