PCR and RAT tests to be tax deductible, FBT free

2022-02-09T13:11:44+10:00February 9th, 2022|ATO, COVID-19, General, News|

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes. There has been confusion over the tax treatment of RAT tests with the Prime Minister stating for some time that they are tax