Australia Tax Agency Sets Reasonable Travel and Overtime Meal Expense Amounts for 2023-24

The Australian Taxation Office June 28 posted online Taxation Determination No. TD 2023/3, setting the reasonable travel and overtime meal expense amounts for the 2023-24 income year. The determination sets various limits for: 1) overtime meal expenses; 2) domestic and overseas travel expenses; and 3) expenses incidental to domestic and overseas travel. The reasonable amounts provide the maximum amount taxpayers can claim without being required to substantiate their expenditures. [Australia, Australian Taxation Office, 06/28/23]

Reference: View Taxation Determination No. TD 2023/3. View Index.