The Australian Taxation Office (ATO) issued two finalized guidance documents on 11 August 2021 regarding the deductibility and fringe benefits tax treatment of travel expenses for employees:
- Practical Compliance Guideline (PCG) 2021/3 - Determining if allowances or benefits provided to an employee relate to travelling on work or living at a location - ATO compliance approach; and
- Taxation Ruling (TR) 2021/4 - Income tax and fringe benefits tax: employees: accommodation and food and drink e…