MasterNuggets with Meng: Navigating the Tax Side of Entertainment

Discover the rules behind income tax and FBT on entertainment, travel, meals, employee benefits and more!

In this session, we cover:

• Entertainment Expenditure (Division 32 of ITAA97)

• Meal Entertainment (TR 97/17)

• FBT implications:

  • Minor Benefits (s 58P of FBTAA / TR 2007/12)

  • Section 41 of FBTAA

  • 50/50 Method

• Reimbursed Travel Expenditure:

  • Expense Payment Benefits and Otherwise Deductible Rule