Hi guys,
I'm flying out of the country late this year and I'm also planning to buy a laptop sometime soon.
The closest discussion around this topic I can find is in 2012 on Whirlpool.
I just wanted to ask, can I salary sacrifice for the laptop, and then claim TRS (of course, being within the required 60 day departure period)?
Any advice would be highly appreciated!
Thanks!
TRS can be claimed on Tax Invoices greater than $1000 too - but your name and address must be on it.
Usually with Salary Sacrifice, the employer claims the GST component as a tax credit and they reimburse you the amount.
However, if you have the receipt, TRS will still refund you the GST amount.
I'm not sure what the legalities around it are since it's effectively double-dipping on the GST.
You would be double dipping. GST is claimed by the employer. I doubt the employer would give you the receipt if they are the ones claiming it…but I could be wrong.
From my previous experiences, a copy of the receipt was sufficient for the employer. I was asked to keep the original receipt for warranty purposes.
Besides, online stores often require a user to setup an account at the time of the order. Previous orders can be viewed and Tax Invoices can simply be re-printed.
If there was anything to be afraid of, it'd be the legality of claiming the GST twice, since the Tax Invoices are individually numbered and can be traced via the ABN (that's if the ATO can even be bothered).
Double dipping knocked out a while ago
http://www.businessinsider.com.au/youll-need-to-be-especiall…
What you should be doing is that as your employer is claiming the GST, they should deduct (or salary sacrifice) only the cost of the item less the GST.
Eg, if the notebook cost $1,100 including GST, then the amount of pre tax deduction would be $1,000 (The employer claims the $100 GST as an offset against their GST liabilities)
as long as you have a tax receipt and its value is less than $1000.