Deductibility of employee travel expenses: The ATO's guidance
Source: Taxation In Australia Journal Article
Published Date: 1 Jun 2018
In 2017, the ATO released draft taxation ruling TR 2017/D6, which considers when an employee's travel expenses will be tax deductible. The draft ruling is comprehensive at 44 pages in length and provides general principles and 18 examples. At the time of writing, the ATO was yet to issue the final version of TR 2017/D6, and accordingly, this article is based on the draft version that was issued on 28 June 2017. This ruling is important not only for individuals when determining their taxable income, but is also crucial for employers who pay travel allowances, living-away-from-home allowances or other amounts for employees when they travel. This article will delve into the detail of the ruling, considering many of the examples that have been given, and will assist practitioners in ensuring that their clients' obligations with regard to income tax, PAYG withholding and FBT are being correctly managed.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Details
- Published By: Adele Townsend CTA, Judy White
- Published On:1 Jun 2018
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page