The Australian Official Gazette June 17 published a legislative instrument increasing the deduction rate for work-related car expenses to A$0.88 (US$0.59) per kilometer, from A$0.85 (US$0.57) per kilometer, for income years beginning on or after July 1. The legislative instrument takes effect July 1. [Australia, Government Legal Database, 06/17/24]
Reference:
View Income Tax Assessment (Cents per Kilometer Deduction Rate for Car Expenses) Determination 2024. View Gazette Index.
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