FBT Article – Practical Compliance Guideline PCG 2017/D14, the detail

Under the FBT rules the use of certain eligible vehicles is an exempt benefit where the private use of those eligible vehicles by current employees during an FBT year is limited to work-related travel, and other private use that is ‘minor, infrequent and irregular’. The ‘million-dollar question’ over the years is what is considered minor, …

Read moreFBT Article – Practical Compliance Guideline PCG 2017/D14, the detail

GST Q&A: Are input tax credits available on meal entertainment expenses?

Question Is an input tax credit available for the following FBT-related expenditure? Food or drink that does not amount to meal entertainment, but is an exempt property benefit as it was consumed by an employee, on a work premises and on a work day. Expense payments or property benefits (in the form of employee gifts) …

Read moreGST Q&A: Are input tax credits available on meal entertainment expenses?

Categories GST