In the Federal Governments 2009/10 Budget of 12 May 2009, the Government announced that the current income tax exemption for foreign employment income earned by an employee working overseas for a continuous period of 91 days or more, would no longer be available to the vast majority of employees from 1 July 2009.
The announcement meant that affected employees and their employers only had a short time to adequately prepare for the removal of a tax exemption (contained in section 23AG of the 1936 Tax Act) which had been in existence for over 20 years. Contact our office for further details.
