The SOP contains draft legislation implementing two policy announcements:
- changes to tax lease inducement payments
- changes to tax certain “salary trade-off” benefits under the FBT rules.
We discuss the draft legislation, including some of the key detail of the lease and salary trade-off proposals.
Submissions on these and other tax changes in the Bill are requested by 7 February 2013.
Both changes were signalled earlier this year and have undergone significant re-work due to concerns about their workability - see our earlier taxmails :