Tax Deduction Update For RATs Tests

Tax Deduction Update For RATs Tests

This month, the Federal government announced that Rapid Antigen Tests (RATs) used for Covid-19 testing will be tax-deductible if used to test before attending a place of work. They will also be exempt from fringe benefits tax (FBT) for businesses when they are purchased for work-related purposes. This means that for every COVID-19 test you…