The New Caledonian Department of Tax Services March 7 clarified the deductibility of professional expenses for employees. The clarification explains: 1) the option for employees to either use a 10 percent flat-rate deduction, or deduct their actual professional costs; 2) the deduction for actual costs of using an employee’s own vehicle for professional purposes, according to a fixed kilometer scale; 3) declaration requirements and calculation forms for deducting actual costs; and 4) instructions for completing and filing normal income tax returns and simplified income tax returns for tax year 2022. [New Caledonia, Department of Tax Services, 03/07/23]
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