Taxation Determination

TD 93/76W

Fringe benefits tax: do redeemable vouchers awarded to staff on a regular basis as part of an ongoing incentive scheme qualify as exempt minor benefits in terms of section 58P of the Fringe Benefits Tax Assessment Act 1986?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 93/76 is withdrawn with effect from today.

1. Taxation Determination TD 93/76, which was released on 29 April 1993, considers whether redeemable vouchers awarded to staff on a regular basis as part of an incentive scheme qualify as an exempt minor benefit in terms of section 58P of the Fringe Benefits Tax Assessment Act 1986.

2. Draft Taxation Ruling TR 2007/D6 - Fringe benefits tax: minor benefits, which was released today, covers the issues considered in Taxation Determination TD 93/76.

3. Accordingly, Taxation Determination TD 93/76 is withdrawn.

Commissioner of Taxation
27 June 2007

Previously issued as Draft TD 93/D7

References

ATO references:
NO 2006/20258

Related Rulings/Determinations:

MT 2042

Subject References:
exempt benefits;
fringe benefits tax;
minor benefits;
redeemable vouchers;
staff incentive schemes

Legislative References:
FBTAA s58P;
FBTAA s136(1)