Fringe benefit tax
This query is : Resolved
04 May 2009
Dear professional colleagues
Entities which are incurring losses, are they required to pay fringe benefit tax
Thanks and regards
Ranga K S
Entities which are incurring losses, are they required to pay fringe benefit tax
Thanks and regards
Ranga K S
04 May 2009
yes
04 May 2009
Yes
04 May 2009
FBT is on expenses, and not on Income, so it can not be escaped in case of loss. So, it is payable even in losses to the entity.
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