Application of the new LAFHA measures to “fly-in fly-out” and “drive-in and drive-out” employees
If an employee is employed under genuine fly-in fly-out or drive-in drive-out arrangements, and the employee has residential accommodation at or near their usual place of employment, the taxable value of a post-30 September 2013 LAFHA benefit for such an employee is the value of the benefit reduced by any exempt accommodation component and any […]
FBT: ATO IDs: car benefits; usual place of residence
FBT: ATO IDs: car benefits; usual place of residence
FBT: Proposed self-education changes: income tax and FBT
FBT: Proposed self-education changes: income tax and FBT
FBT: Tax agent lodgment deferral for 2013 FBT returns
FBT: Tax agent lodgment deferral for 2013 FBT returns
Q&A – PAYG – Budget announcement 0.5% Medicare levy and PAYG withholding
Question: In the Commonwealth Budget, it was proposed (so not yet passed through Federal Parliament) that the Medicare levy will be…
Senate Committee recommends review of FBT car valuation rules
The report of the Senate Economics References Committee on its review of changes to car fringe benefits arrangements was recently tabled in the Senate.
FBT Regulations Amended – Excluded fringe benefits for Commonwealth employees
FBT Regulations Amended – Excluded fringe benefits for Commonwealth employees
FBT rates, thresholds and other amounts for 2013-14 Taxation Determinations TD 2013/5-8
The ATO has recently released 4 determinations dealing with FBT rates, thresholds, etc for the 2013-14 FBT year (ie the FBT year commencing on 1 April 2013).