One year deferral – TR 2019/D5 FBT car parking benefits

April 1, 2021

The ATO indicated last year that they intended to publish the final Taxation Ruling TR 2019/D5 Fringe Benefits Tax: car parking benefits prior to 1 April 2021, which was to apply from the 2021/22 FBT year.

The ATO have now advised that the final Ruling will be published in early June 2021.

Given the ongoing uncertainty for employers, the ATO have determined that when the final Ruling is published, any changes in view from TR 96/26 (withdrawn) will apply from 1 April 2022 (the 2022/23 FBT year).