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Effective URL: https://insight.thomsonreuters.com.au/business/resources/resource/2024-fbt-guide-cost-and-time-savings-opportunities?elq_mid=51007&elq...
Submission: On January 24 via manual from IN — Scanned from DE
Effective URL: https://insight.thomsonreuters.com.au/business/resources/resource/2024-fbt-guide-cost-and-time-savings-opportunities?elq_mid=51007&elq...
Submission: On January 24 via manual from IN — Scanned from DE
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Indirect Tax
2024 FBT GUIDE: COST AND TIME SAVINGS OPPORTUNITIES
Amesh De Silva | 23 January 2024
FBT has long been regarded as one of the most complex and admin-heavy tax
regimes. However, 2024 may signal the beginning of a new phase, with recent
regulatory updates and technology offerings presenting opportunities for
employers to not only reduce the administrative burden but also reduce its FBT
payable.
WHAT’S IN THE 2024 FBT GUIDE?
We’ll discuss five key areas of FBT change that may affect your business most in
2024. These are:
1. The release of a number of legislative instruments to help reduce FBT Record
Keeping
2. A recent FBT case regarding Fly-in-Fly-Out Transport
3. ATO guidance on FBT considerations for electric vehicles
4. Taxation Ruling on the principles of deductibility for self-education
expenses
5. Car parking technology class ruling
Register for the upcoming webinar
Register now and join us on Thursday 8th February where we’ll deep dive and
answer your questions on the biggest changes in FBT for 2024.
By: Amesh De Silva
Proposition Manager, FBT, Thomson Reuters
Amesh leads the commercial strategy and product management of ONESOURCE Fringe
Benefits Tax within Australia, along with providing go-to-market direction and
focus for other ONESOURCE solutions.
Amesh has 7 years’ experience as an accountant having previously worked at
Commonwealth Bank and PwC in roles across finance, audit and advisory. Prior to
Thomson Reuters, Amesh worked as the commercial lead of a software start-up that
specialised in automated vehicle tax logbooks for FBT.
Amesh holds a Bachelor of Commerce with Finance & Economics from USYD and an MBA
at AGSM.
24 January 2024
Chief Tax OfficerFBTfringe benefits taxHead of TaxIndirect Taxindirect tax
complianceTax AccountantTax Agent /Advisortax complianceTax Manager /
Directortax technology
* Tax and finance leaders weigh in on their 5-year aspirations: new report
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