PCG 2019/D8

There is a problem with claiming a tax deduction for superannuation contributions made late in June and not received by the employee’s superannuation fund until July.  The contributions are not deductible until they are received by the superannuation fund.  The ATO has released a draft Practical Compliance Guideline PCG 2019/D8 in relation to this issue where the employer has used the Small Business Superannuation Clearing House service.

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