FRINGE BENEFITS TAX REGULATIONS 1992 (REPEALED)
For paragraph (b) of item 4 of the table in subsection 110(1) of the Act, an employer ' s notional tax amount for the current year is varied by applying the formula:
NT | = |
AT
×
CR
BR |
where:
NT
is the employer
'
s notional tax amount for the current year.
AT
is the amount of the employer
'
s fringe benefits tax for the base year.
CR
is the rate of tax, specified in section
6
of the
Fringe Benefits Tax Act 1986
, in respect of the employer
'
s fringe benefits taxable amount for the current year.
BR
is the rate of tax, specified in section
6
of the
Fringe Benefits Tax Act 1986
, in respect of the employer
'
s fringe benefits taxable amount for the base year.
Note:
For base year and current year - see subsection 110(1) of the Act.
12(2) [ Prescribed day]For item 4 of the table in subsection 110(1) of the Act, the prescribed day is 1 April 2006.
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