PCR and Rapid Antigen Tests to be tax deductible, FBT free

Accounting, Announcements, Business, Small Business, Taxation / By

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes. The Media release can be found here.   There has been confusion over the tax treatment of RAT tests with the Prime Minister stating […]

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