Car Parking Calculation Options
A car parking fringe benefit when an employer provides car parking to an employee and certain conditions are met. An employer can choose various defaults for calculating car parking fringe benefits.
To open the
Car Parking Options
screen, select Options
, then Car Parking
on the navigation bar. Use the dropdown to select the appropriate values.
You may need to speak to your tax advisor to determine the appropriate calculation option for your situation. Visit the ATO website for more information on car parking FBT.