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Taxation Law - Question 1
Issue
What is the Fringe Benefits Tax (FBT)?
Discuss relevant statutory provision
Discuss the categories and why was it introduced?
Rule
Fringe Benefits Tax Assessment Act 1986
Application
FBT stands for Fringe Benefits Tax. It is a remuneration that employees or his associate like his spouse or children of an organization get not in the form of salary or wages. According to the legisl…
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