Employees rejoice!

Since April this year it is now possible to provide your employees with multiple portable devices (as long as they are mainly for use for the employment) without it falling into the realm of Fringe Benefit Tax (FBT).

Previously if the devices performed similar functions and you provided employees with more than one of them (for example and laptop and a iPad) then FBT applied to one of the items. Now however you can provide multiple similar use items and there is no need to pay FBT on either.

Portable electronic devices include the following:

  • Smartphones,
  • Tablets,
  • Laptops,
  • GPS and calculators.

This exemption can still relate to devices purchased before April 1st 2016, as long as the employee was given the devices on or after the exemption introduction date (1/4/16).


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