Tax Deductions for Importers, Exporters and Wholesaler

November 1, 2022

Best Tax Deductions to Claim for Importers, Exporters and Wholesalers

Importers, Exporters and Wholesalers plan, organise, direct, control and coordinate the operations of importing, exporting and wholesaling establishments.

Employment Profile

  • Average weekly pay: $1,394.80
  • Employment size: 18,375
  • Future growth: Moderate
  • Skill level: Bachelor Degree or Higher

Typical tax deductions include:

  • Motor vehicle travel to and from work if having either shifting workplaces (working at more than one site each day before returning home), or transporting bulky equipment (i.e. client samples and demonstration equipment).
  • Motor vehicle travel between offices, visiting clients or for training purposes.
  • Phone and internet – work %.
  • Client gifts bought for work purposes by salespersons who are entitled to receive commission income – includes a Christmas hamper, a bottle of whisky, wine, gift vouchers, flowers, etc.
  • Home office occupancy expenses if required by the employer to work from home – includes rent, mortgage interest, rates, insurance, etc.
  • Computers, tools and equipment – includes cameras, video recorders, and laptops.
  • Referral commission and expenses.
  • Handbags, briefcases and satchels.
  • Overnight travel expenses visiting clients, trade shows, and for training/conferences – includes airfares, meals and accommodation.
  • Home office running expenses.
  • Compulsory work uniform branded with the employers logo.
  • Union fees, licences, registrations and subscriptions – includes renewing a sales certificate.
  • Work-related training courses – includes first aid, OH&S, bookkeeping, sales techniques, customer service, merchandising, computer skills or management.
  • Self-education expenses – includes course fees, books, stationery, equipment and travel.

Professional memberships.

Non-deductible expenses:

  • Advertising – if earning income from a fixed salary and not entitled to earn commission.
  • Gifts – if earning a fixed income and not entitled to earn commission.
  • Entertainment expenses including buying lunch for a client or business associate.
  • Expenses incurred in attending social functions e.g. monthly sales representative networking breakfasts.

Tax Strategies we can assist you with.

  • Self-education expenses
  • Computers, tools, equipment and other assets
  • Compulsory work uniform
  • Gifts to clients, suppliers and contractors
  • Union fees, licences, registrations and subscriptions
  • Phone and internet
  • Motor vehicle expenses: cents per km method
  • Home office running expenses
  • Handbags, briefcases and satchels
  • Overnight travel expenses

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