Subscriptions and Membership that benefit your profession can be packaged. You may not have to pay GST for this benefit.
Important Note:
Items that are salary packaged, such as Income Protection Insurance cannot be claimed as an income deduction as well.
Package Requirements
Professional Subscriptions and Membership is exempt from Fringe Benefits Tax (FBT)
In addition, you may not have to pay GST for this benefit. Where GST is payable for the service, your employer is able to claim an Input tax Credit (ITC) – GST refund. This ITC may then be passed back to you, the employee.
Expenses are not included as part of the capped salary packaging threshold amount if Health and Charties Sector.
Is FBT (Fringe Benefits Tax) exempt and non reportable, so not included on your payment summary.
You may not have to pay GST for this benefit. Where GST is payable, your employer is able to claim an Input tax Credit (ITC) – GST refund. This ITC may then be passed back to you, the employee.
A number of payment options are available for this benefit.
Process and Payment Options
Select Professional Subscriptions and Membership, the amount you would like to package and your preferred packaging / payment option.
Substantiation
Professional Subscriptions and Membership Pack Facts