Tax Deductions for Travel Agents
Employment size: 22,500
Future growth: Moderate
Skill level Certificate II or III
Travel agents assist clients in making travel arrangements for both business and holiday purposes.
- Determining clients’ travel and accommodation requirements, suggesting itineraries, and making reservations.
- Providing information on tourist attractions, visa requirements, travel insurance, customs procedures, and tour availability.
- Collecting payments and issuing clients’ itineraries, relevant documentation, tickets for travel and vouchers for accommodation.
Typical tax deductions include:
- Travel expenses associated with attending conferences, seminars, training courses, and industry promotions are usually for work and deductible. Expenses include airfares, accommodation, meals, and incidentals.
- Education, familiarisation and other similar travel if undertaken specifically for work purposes (and not a holiday). Must meet the guidelines in the 2008 Sanchez case.
- Entry fees to tourist’s attractions where the sole purpose of the visit was for work related purposes.
- Phone, internet and home office expenses (less private portion).
- Compulsory corporate uniforms that include the company logo and are distinctive. Must not be conventional clothing.
- Self-education courses. For example, Cert III in Tourism (Retail Travel Sales).
- Magazines and books related to travel, holidays, sales, customer service, and management.
- Educational and familiarisation travel which is a holiday.
- Travel for industry functions which includes entertainment i.e. three course meal, band, and alcolholic drinks.
- Passport application and renewal fees (as it relates to the personal right to travel to an overseas destination).
- Travel insurance.
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2