Milage

Exempt allowance rates update

Payroll Tax exempt allowance rates update
The reasonable travel allowance expenses has been revised by the ATO in Taxation Determination TD2016/13. The new rate is $257.95 for the 2016-17 financial year. (page 4).

The exempt motor vehicle allowance for payroll tax purposes for the 2016-17 financial year is 66c cents per km.