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Tax return and LAFHA

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Tax return and LAFHA

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Old Aug 28th 2007 | 6:59 pm
  #1  
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Default Tax return and LAFHA

First time filling in an Aus tax return. Think I am ok, except can someone confirm whether I have to declare my Lafha anywhere? The obvious place would be under "allowances" but then I get taxed on the calculations!

Thanks!

Juliet
 
Old Aug 29th 2007 | 11:10 am
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Default Re: Tax return and LAFHA

Originally Posted by Ju12
First time filling in an Aus tax return. Think I am ok, except can someone confirm whether I have to declare my Lafha anywhere? The obvious place would be under "allowances" but then I get taxed on the calculations!

Thanks!

Juliet
You declare your Taxable Gross and Net earnings as stated on your Payment Summary issued by you company.

Think about the LAFHA as being like an expense - you do not declare that on the Tax Return if the company has reimbursed you directly.

Cheers
 
Old Aug 29th 2007 | 11:14 am
  #3  
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Default Re: Tax return and LAFHA

I see..... thanks Sandra!

jx
 

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