Income tax Dates
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JAN 28AIM instalments are due if you file GST monthly and have a March balance date.
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FEB 7End-of-year income tax and Working for Families bills are due, unless your tax agent has an extension of time to file your income tax return.
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FEB 28Provisional tax payments are due if you have a March balance date and use the ratio option.
Use the following rates to calculate the allowable expense for using your vehicle for business purposes for the 2018-2019 income year.
Using the Tier 1 and Tier 2 rates
The Tier 1 rate is a combination of your vehicle's fixed and running costs. Use it for the business portion of the first 14,000 kilometres travelled by the vehicle in a year. This includes private use travel.
The Tier 2 rate is for running costs only. Use it for the business portion of any travel over 14,000 kms in a year.
| Vehicle type | Tier 1 rate | Tier 2 rate |
|---|---|---|
| Petrol or diesel | 79 cents | 30 cents |
| Petrol hybrid | 79 cents | 19 cents |
| Electric | 79 cents | 9 cents |
Last updated:
09 Jun 2021