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The Tax Office have issued a new practice statement to clarify the types of records that are acceptable as proof for work-related expenses.
Taxpayers who do not have a traditional receipt for work-related expenses, but can prove the expense from other records such as online banking and credit card statements, may still be able to claim a tax deduction.
Law Administration Practice Statement PS LA 2005/7 outlines the changes to the documentary evidence that the Tax Office will accept in support of an individual's claim for deductible work-related expenses from the 2004-05 income year onwards.
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