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The Tax Institute Submission | Education and training expense deductions for individuals

Published on 21 Jan 21 by THE TAX INSTITUTE

The Tax Institute welcomes the opportunity to make a submission to the Government in relation to the December 2020 discussion paper ‘Education and training expense deductions for individuals’ (Discussion Paper), as announced in the Federal Budget 2020–21.

The Tax Institute has reviewed the Discussion Paper. Our submission below addresses our main concerns in relation to the proposed measures to allow individuals a deduction for education and training expenses, where the expense is not related to their current employment.

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THE TAX INSTITUTE
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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