Skip to main content
shopping_cart

Your shopping cart is empty

01 May 08 Consequences of mistake in paying salary and wages - TD 2008/9-11

On 30 April 2008, the ATO issued the following 3 final Taxation Determinations:

- TD 2008/9 Income tax: are amounts mistakenly paid as salary or wages to employees (or as income support payments or worker's compensation amounts to persons), to which they are not beneficially entitled, but are obliged to repay, 'ordinary income' under s 6-5 of ITAA1997? (Previously issued in draft form as TD 2007/D21: see 2007 TAXVINE No 49 (8) (14 December 2007)

- TD 2008/10 Fringe benefits tax: where an employer recognises they mistakenly paid to their employee an amount that the employee is not legally entitled to, but is obliged to repay, and afterwards allows the employee time to repay the amount, is there a 'loan benefit' under s 16(1) of the Fringe Benefits Tax Assessment Act 1986?  (Previously issued in draft form as TD 2007/D22: see 2007 TAXVINE No 49 (8) (14 December 2007)

- TD 2008/11 Fringe benefits tax: where an employer mistakenly pays to their employee an amount that the employee is not legally entitled to, but is obliged to repay, does the employer's subsequent waiver of that obligation constitute a 'debt waiver benefit' under s 14 of the Fringe Benefits Tax Assessment Act 1986?  (Previously issued in draft form as TD 2007/D23: see 2007 TAXVINE No 49 (8) (14 December 2007)

Media Release Search
Keywords
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To