Regarding the Salary Sacrifice

victor_cn

Hi Guys,

Does any one know the difference between Salary Sacrifice and claim Tax return.

I am getting confused.

For my understanding, Salary Sacrifice is used to deduct my salary before tax.

But for some items such as LAPTOP or PDA etc, I still could claim it for Tax return.

So, What is benifit of Salary Sacrifice?

Thanks in advance

黑山老妖

PDA/Laptop etc are claimed as salary sacrifice. The idea of salary sacrifice is to use pre-tax dollar to buy things to deliver a saving by not paying tax on that amount. If you claim on tax return, that normally is depreciation you are talking about. When you claim depreciation your item will depreciate a certain percentage over x number of years. Your Laptop is 3 years.

tracy@syd

Does that mean we can do both for a laptop?

Devil_Star

SALARY SACRIFICES不是要老板答应从你税前工资上扣才可以吗？LAPTOP如果低于$1000应该可以通过SIMPLIED TAX SYSTEM来直接当年退税吧～

黑山老妖

原帖由 tracy@syd 于 2007-5-1 17:45 发表
Does that mean we can do both for a laptop?

yes. that's why laptop is the best candidate for salary sacrifice because of it's special tax treatment.
at the end of the 3 year depreciation, depending on your tax rate, you will be paying less than 1/3-1/4 of the cost of the laptop.

salary sacrifice needs to be done with the cooperation of your employer. get them to buy it and you also save on gst.

jands

原帖由 黑山老妖 于 2007-5-1 18:18 发表

yes. that's why laptop is the best candidate for salary sacrifice because of it's special tax treatment.
at the end of the 3 year depreciation, depending on your tax rate, you will be paying le ...

一定要 laptop 嗎? desktop 行不行?

黑山老妖

原帖由 jands 于 2007-5-1 18:37 发表


一定要 laptop 嗎? desktop 行不行?

Yes, laptop

丫丫ma

晕, 崇拜一个, 老黑大侠简直是无所不知....

galway

原帖由 黑山老妖 于 2007-5-1 18:39 发表


Yes, laptop

can i ask why?

astina

ATO就是这样规定的

黑山老妖

原帖由 galway 于 2007-5-1 21:17 发表

can i ask why?

ask ATO...

Devil_Star

ATO不想EMPLOYEES经常把工作用的DESKTOP在WORKPLACE和HOME之间搬来搬去，累坏了影响GDP，一直放在家里又怕他们偷偷用着打游戏看A片～

astina

原帖由 Devil_Star 于 2007-5-1 21:26 发表
ATO不想EMPLOYEES经常把工作用的DESKTOP在WORKPLACE和HOME之间搬来搬去，累坏了影响GDP，一直放在家里又怕他们偷偷用着打游戏看A片～

很有想象力

sallyzyq

原帖由 Devil_Star 于 2007-5-1 21:26 发表
ATO不想EMPLOYEES经常把工作用的DESKTOP在WORKPLACE和HOME之间搬来搬去，累坏了影响GDP，一直放在家里又怕他们偷偷用着打游戏看A片～

victor_cn

Thanks a lot. It is quite handy to me

Devil_Star

呵呵， 开个玩笑。 其实ATO一贯就是把用途有嫌疑的ITEMS全部剔除在WORK RELATED之外，有GENERAL PURPOSE和HOBBIES嫌疑的都不会被考虑。

biskit

呵呵,学习之余还能乐一下,真搞!

lilyliaus

如果Salary Sacrifice买一PDA ($500), after Salary Sacrifice paid $400. can I claim the tax return for $400 in the same yr as depreciation for small item?

hueofwind

salary sacrifice买的笔记本，还可以用deprciation来claim tax return吗？

qisiwole

#5老妖不是已经回答了

qisiwole

One more thing just in case someone not aware it:

One can package one laptop each year.

丹儿

原帖由 qisiwole 于 2008-1-24 09:22 发表
One more thing just in case someone not aware it:

One can package one laptop each year.

should be each FBT year. 1st of April to 31st of March. You are able to get one laptop in March and one laptop in April during one calendar year. For the third one, wait until to next April.:)