n Tax Breaks Newsletter - Is the salary-sacrifice subsistence allowance dead? : fringe benefits

Volume 2006, Issue 246
  • ISSN :



Extracted from text ... Moneyweb's TAX BREAKS July 2006 3 FRINGE BENEFITS Is the salary-sacrifice subsistence allowance dead? By ALISON FUTTER MY ARTICLE in last month's Tax Breaks regarding subsistence allowances indicated that in terms of proposed new legislation, "if a subsistence allowance is paid to any employee during any month and the employee does not travel for business purposes by the end of the following month, that the allowance will become subject to employees' tax in that following month". This change in the legislation marks the end of the use of a monthly subsistence allowance paid to an employee as part of ..

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