Christmas Parties and Gifts – Understanding the FBT, Tax and GST Rules Sarah runs a small marketing agency with eight staff. It’s nearly December, and she’s planning her team Christmas party at a local restaurant and wants to give each employee a gift hamper. She knows there are tax implications, but she’s confused about what […]
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The FBT, Tax and GST Consquences to be aware of at Christmas With the festive season just around the corner, it’s important to be aware of the tax implications of providing your employees with gifts, and throwing the end-of-year team function. Depending on the type of gift or entertainment provided, the business will have different
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With Christmas fast approaching, it is usually the time of year where employers provide gifts or throw parties for their employees. Follow this link to our article, which includes examples of how Fringe Benefits Tax (FBT) rules are applied and in some cases minimised, while also considering the other tax and GST rules to be aware
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