Tax Deductibility of COVID-19 Test Expenses

Individuals & Small Business

Tax Deductibility of COVID-19 Test Expenses

From 1 July 2021
The Facts:

 

  • Workrelated COVID‑19 test expenses incurred by individuals will be made tax deductible.

  • FBT will not be payable by employers if they provide fringe benefits relating to COVID19 testing to their employees for workrelated purposes.

  • Effective from 1 July 2021, with the FBT changes to apply from 1 April 2021.

 

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