T a x T e c h n i c a l – M o n t h l y N e w s – June 2016 Developments – This is a collection of developments in Australian tax law and practice that occurred in June 2016 which aims to be relevant to tax practitioners.[i] Compiled By F John…
On Friday 1.7.2016, the Commissioner issued TD 2016/13 setting out 2016/17 reasonable amounts for the following: overtime meal allowance expenses: $29.40; domestic travel allowance expenses: accommodation at daily rates (for domestic travel only); meals (showing breakfast, lunch and dinner); and deductible expenses incidental to travel. travel allowance expenses for employee truck drivers: for food and drink…