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Budget to tighten charities' FBT cap

A tax loophole that allows workers employed by not-for-profit organisations to salary sacrifice meals and entertainment will be tightened in next week's budget.
The federal government will impose a fringe benefits tax cap of $5000 on the expenses, The Australian reported on Thursday.
Charities and other like groups are given FBT concessions to allow them to compete against the private sector for quality employees.
© AAP 2024
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