Michael van Schaik
Articles by this Author
Draft LAFHA legislation released – More bad news, little good news
- By Michael van Schaik
- Published 18/05/2012
- Beyond Numbers
- Unrated
Treasury released the draft legislation in respect of the changes to Living Away From Home Allowances (LAFHA) on 15 May 2012.
Federal Budget 2012/13 - LAFHA reforms: Death by a thousand cuts
- By Michael van Schaik
- Published 10/05/2012
- Beyond Numbers
- Unrated
In the Federal Budget handed down Tuesday evening (8 May 2012), the Treasurer has released further details with respect to the proposed reforms on Living Away From Home Allowance (LAFHA).
LAFHA Reform - Further Update
- By Michael van Schaik
- Published 4/05/2012
- Beyond Numbers
- Unrated
The Federal Government is set to introduce the draft legislation in respect of the Living Away From Home Allowance (LAFHA) changes in the upcoming sitting of the Parliament.
Living Away From Home Allowance ('LAHFA') - Rates for 2012/13 FBT Year
- By Michael van Schaik
- Published 17/04/2012
- Beyond Numbers
- Unrated
The Australian Taxation Office ('ATO') has recently announced updated amounts for the reasonable food component of a LAFHA for expatriate employees into Australia and domestic transfers applicable for the 2012/13 FBT year.
Update - Proposed LAFHA changes
- By Michael van Schaik
- Published 23/03/2012
- Beyond Numbers
- Unrated
There is no news from Treasury as to when the draft legislation in respect of the LAFHA changes will be released or whether a transitional rule will be introduced. This is very disappointing given the proposed changes will apply from 1 July 2012.
We recommend that the proposed changes to the LAFHA rules be communicated now to both your domestic and international employees on the basis that the changes will apply from 1 July 2012.
Living Away From Home Allowance Submission
- By Michael van Schaik
- Published 7/02/2012
- Beyond Numbers
- Unrated
The Assistant Treasurer has released a consultation paper on 29 November 2011 proposing a fundamental reform to how Living Away From Home Allowance (LAFHA) and other associated benefits will be taxed from 1 July 2012 for temporary residents. These changes will significantly impact Australian businesses.
Living Away From Home Allowance to be decimated
- By Michael van Schaik
- Published 30/11/2011
- Beyond Numbers
- Unrated
The Assistant Treasurer has released a consultation paper on 29 November 2011 proposing a fundamental reform to how Living Away From Home Allowance (LAFHA) and other associated benefits will be taxed from 1 July 2012 for temporary residents. These changes will significantly impact Australian businesses.
Fly in fly out exemption for overseas employees becomes law
- By Michael van Schaik
- Published 30/11/2011
- Beyond Numbers
- Unrated
As reported on 13 April 2011 Fly in fly out arranged extended to remote overseas locations , fringe benefits tax (FBT) exemption has now been extended to employees working at overseas locations under a fly in fly out arrangement.
ATO Data Matching Project and WorkCover
- By Michael van Schaik
- Published 23/11/2011
- Beyond Numbers
- Unrated
On 16 November, the ATO gazetted a notice indicating that it will undertake data matching program in order to identify potential non compliance with Australia’s taxation laws.
ATO Data Matching Project and Temporary Visa Holders
- By Michael van Schaik
- Published 21/11/2011
- Beyond Numbers
- Unrated
On 16 November, the ATO gazetted a notice indicating that it will undertake data matching program in respect of temporary visa holders in order to identify potential non compliance with Australia’s taxation laws
This announcement should not come as a surprise as it follows on from:
This announcement should not come as a surprise as it follows on from:
- The ongoing Living Away From Home Allowance audits; and
- Verification of Medicare Levy Exemptions.