To assist in navigating through the complexity of COVID-19 tax measures, we have prepared a high-level tabular summary of land tax concessions. The recent and on-going COVID-19 crisis has seen the announcement of unprecedented stimulus packages by the Federal and State Governments. Whilst the majority of the current press around these measures has been around […]
Eligibility – A summary of the Land Tax COVID-19 measures Read More »
How do the kilometre limits in PCG 2018/3 apply when determining whether non-home to work private travel is minor, infrequent and irregular – on a per employee or per vehicle basis? Under the FBT rules, the use of certain eligible vehicles is an exempt benefit where the private use of the vehicles by current employees
Question Council has been invoiced by a State Government department for a capital works project Council is contributing to. Should GST be included in this invoice? As further detail, in order to pay this contribution, Council received funding through a grant from a different government department which had no GST associated with it. Answer In
GST Q&A – GST on payments to government bodies Read More »
The COVID-19 pandemic has necessitated substantial stimulus and assistance packages and measures across all levels of the economy. This article highlights some of the measures that may be of interest to not-for-profit entities and local government entities based on information available as at 31 March 2020. The ongoing COVID-19 pandemic has impacted every facet of
Eligibility – COVID-19 relief measures for NFPs Read More »
In the wake of the ever-changing COVID-19 crisis, the State and Federal Governments have released a number of stimulus and assistance measures to help ease the burden on entities and households alike. Payroll tax (PRT) has been a key focus of stimulus measures in each of the States and Territories. Whilst welcome, these PRT measures
Eligibility and Payroll – A summary of the Payroll Tax COVID-19 measures Read More »
What are the FBT implications providing accommodation, food and travel in the form of V-Line tickets to staff who are sent to bushfire affected regions to do full time work assisting with bushfire recovery efforts? Question We are sending staff to bushfire affected regions of Gippsland area to do full time work assisting with bushfire
FBT Q&A – Temporary staff placement to bushfire affected regions Read More »
Remote area benefits require caution, given the opaqueness of the ‘customary’ requirement. There are a number of FBT concessionary benefits that can be provided to employees living and working in a remote area. A remote area is a location that is not in – or adjacent to – an eligible urban area. An eligible urban
2019 Annual Information Statement To date, the Federal, State and Territory governments have introduced a range of economic measures in response to the Coronavirus (COVID-19). Some of these have been discussed in accompanying articles, COVID-19 relief measures for NFPs and A summary of the Payroll Tax COVID-19 measures. The Australian Charities and Not-for profits Commission
Eligibility – COVID-19 – Managing your charity operations Read More »
The ATO has released some TDs with FBT rates and thresholds for FBT 2020-21. It has also changed its publication practice in relation to others. The ATO has issued tax determinations setting various rates and thresholds for the 2020-21 FBT year. The ATO has indicated that from the 2020-21 FBT year onwards, tax determinations will
FBT – Rates and Thresholds for FBT Year 2020-21 Read More »
Question We currently offer loans for the purchase of annual public transport cards and bicycles. The loans are repaid over the course of 12 months. Even if the salary deductions are made after tax, would this still be a loan fringe benefit? Answer Prima Facie a loan fringe benefit will arise based on the
FBT Q&A – Loans to purchase public transport cards and push bikes Read More »
