Australia Gazettes Legislative Instrument on Taxation Administration (Withholding Variation for Payment of Certain Allowances) 2025

The Australian Official Gazette Sept. 16 published a legislative instrument on the withholding variations for payments of certain allowances. The instrument includes measures: 1) reducing to nil, under certain conditions, the amount payers must withhold from payments of specified allowances; 2) specifying the allowances to which a variation applies, including those related to laundry, domestic air travel, overseas travel, meals, and car expenses calculated per kilometer under Income Tax Assessment Act 1997 (ITAA); and 3) clarifying that the variation also applies to overtime meal allowances and award transport payments, provided they meet substantiation and reasonableness thresholds under relevant sections of ...