The ATO is stepping up efforts to target rorting of tax-free living-away-from-home allowances, amid fears employers and employees are using contrived arrangements to get a tax-free salary boost.
Fringe benefits tax rules allow employers to pay tax-free LAFM allowances to employees whose work requires them to temporarily relocate from their home. The allowances, which are generally tax free, cover food and accommodation.
However, in the last few months the ATO has been writing to employers who provide large LAFM allowances to staff to review their arrangements.
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