Date posted: 01/08/2022
Submission on when employee allowances for additional transport costs are exempt from tax
CAANZ’s feedback on draft operational statement When employee allowances for additional transport costs are exempt from tax
The statement explains when an allowance can be paid tax-free to an employee for additional transport costs for travel from home to work. Practical examples are also included to illustrate the factors that must be present before a payment qualifies.
CA ANZ supports the publication of the statement and suggests some aspects of the item be reviewed and clarified with additional references.
