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The Australian Salary Packaging Industry Association [7] is the professional body for outsourced salary packaging service providers. The Australian Taxation Office [ 8 ] administers Fringe Benefits Tax and the FBT Exemptions that facilitate salary packaging for employees of not-for-profit healthcare organisations and public benevolent institutions.
Proposed changes are to be effective from 1 April 2016, where these salary packaging exempt benefits will be capped at $2,550 per FBT year ($5,000 grossed up cap divided by the type 2 gross-up rate of 1.9608).
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. [1] It is a prescribed limitation which can be used to effect change in an economic structure.
5% (available to licensed companies in the International Business Centre of Madeira). 13% (available to SMEs and applicable up to a taxable profit of €15000) 20% (general rate) 0,0% (for monthly salaries up to €659) + social security charges [34] 45.1% (for monthly salaries above €25,275) + social security charges [34] 5% (reduced rate)
Reports of strange lights attributed to unidentified drones flying over New Jersey and other Northeast states have prompted questions across the country.
A California-based tire company has recalled over 540,000 replacement tires mistakenly labeled as snow traction products, according to an announcement from the National Highway Traffic Safety ...
The Australian Fair Pay and Conditions Standard was a set of five minimum statutory entitlements for wages and conditions introduced as part of the Howard government's WorkChoices amendments to Australian labour law in 2006 and then abolished by the Fair Work Act 2009 in 2010.
A Dutch court convicted five men for their part in last month's violence against Israeli soccer fans in Amsterdam.