FBT Article – Does a section 57A employer ever pay FBT on non-salary packaged meal entertainment it provides to employees?

Much effort goes into determining whether fringe benefits by way of meal entertainment are provided to employees. Meal entertainment is entertainment by way of food, drink, and travel and accommodation in relation to such entertainment. For example, staff lunches at restaurants, the Christmas party and employee social events involving food and alcohol. For employers exempt … Read more

FBT Q&A – Gifts to long serving employees

Question Could you please confirm whether a gift worth $800 provided to a long serving employee is exempt from fringe benefits tax. Answer When recognising long service of an employee, non-cash awards to employees in recognition of services of not less than 15 years are an exempt benefit – refer section 58Q of the FBTAA. It is noted a … Read more