The Australian Taxation Office (ATO) has extended the date of effect of a practical compliance guideline for employees claiming deductions for “additional running expenses” incurred while working from home.
The ATO practical compliance guideline (PCG 2020/3) addresses how to claim deductions for additional running expenses incurred while working from home because of the situation resulting from the coronavirus (COVID-19) pandemic.
The guideline now applies from 1 March 2020 through 31 December 2020, and allows taxpayers still working from home to continue to use the simplified method referred to as the “shortcut method” to claim their additional running expenses.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.