What this Ruling is about 1. This Ruling sets out when an employee can deduct transport expenses under section 8-1 of the Income Tax Assessment Act 1997. This includes the cost of travel by airline, train, taxi, car, bus, boat, or other vehicle. 2. This Ruling explains that transport expenses incurred for ordinary travel between home and […]
Learn MoreWhat this Ruling is about 1. This Ruling sets out when the provision of car parking is a car parking benefit for the purposes of the Fringe Benefits Tax Assessment Act 1986. 1A. All legislative references in this Ruling are to the Fringe Benefits Tax Assessment Act 1986, unless otherwise indicated. Background 2. This Ruling replaces Taxation Ruling […]
Learn MoreWhat this Ruling is about 1. This Ruling explains:•when an employeecan deduct accommodation and food and drink expenses under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) when they are travelling on work, including where it is necessary to apportion•the fringe benefits tax (FBT) implications, including the application of the 'otherwise deductible rule', where an […]
Learn MoreWhat this Ruling is about 1. This Ruling explains when an individual is an 'employee' of an entity for the purposes of section 12-35 of Schedule 1 of to the Taxation Administration Act 1953 (TAA). That section imposes an obligation on a paying entity to withhold an amount from salary, wages, commission, bonuses or allowances it pays […]
Learn MoreWhat this Ruling is about 1. This Ruling sets out the principles on the deductibility of self-education expenses under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997). 2. The Ruling also discusses the types of expenditure that can be deductible as a self-education expense, as well as those that cannot. 3. For the purpose […]
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