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FBT on Christmas parties and gifts not straightforward

With Christmas now just six weeks away, the ATO has issued guidelines for business on the tricky topic of fringe benefits tax relating to Christmas gifts and parties.

FBT on Christmas parties and gifts not straightforward
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FBT on Christmas parties and gifts not straightforward

The Tax Office is reminding businesses that a number of factors need to be factored in to the administration of fringe benefits tax (FBT), including the associated costs as well as who receives the gifts or attends the functions – just internal employees or others, such as clients, partners and suppliers.

Read the full article at My Business.

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