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The ATO confirms that COVID-19 tests purchased by employees for work purposes from 1 July 2021 can be claimed as a deduction.
This is the result of legislation that passed through Parliament shortly after the 2022-23 Federal Budget was handed down. This also means that employers who provide COVID-19 tests for their employees for work purposes can generally reduce the taxable value of the relevant fringe benefit by applying the otherwise deductible rule.
• COVID-19 tests and fringe benefits tax (FBT)
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