When processing a reimbursement for home charging costs at $0.042/km – does this amount include GST

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(Newbie)Newbie

4 Jan 2024

When processing a reimbursement for home charging costs (electric car) at $0.042/km – does this amount include GST or is it exclusive?

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(Community Support)Community Support

5 Jan 2024

Let’s break this down.

Generally, a reimbursement of this nature is an expense payment fringe benefit.

The taxable value of an expense payment fringe benefit will include GST.

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