FBT for the Festive Season

Explore key FBT considerations for end-of-year celebrations, including staff functions, gifts and entertainment expenses.

In this session, we cover:

• Overview of FBT thought process

• Fringe Benefits vs Entertainment

• Triumvirate effect of Entertainment – Income Tax, FBT & GST consequences

• What is considered ‘not’ entertainment?

• FBT classification of Entertainment

• FBT Treatment and Effect of classes of Entertainment

• FBT Exemptions

• Interactions with Income tax and GST