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  • Work Christmas parties and FBT

    It's that time of year, where you may be planning to reward your employees with gifts or a Christmas party for their hard work.

    If you're involved in the administration of fringe benefits tax (FBT) for your NFP, be sure to think ahead if you are planning to provide your employees with gifts or arranging end of year celebrations that involve food and drink. Even if your organisation is exempt from income tax there may be FBT implications.

    The good news is that an FBT exemption may apply in your circumstances. These include:

    • meal entertainment provided to workers by public benevolent institutions, public and non-profit hospitals, health promotion charities and public ambulance services, unless provided under a salary packaging arrangement
    • gifts that qualify for the minor benefits exemption

    Find out about:

    Last modified: 28 Oct 2019QC 60482