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Festive Season & FBT
The minor benefit exemption provides an exemption from FBT for most benefits of 'less than $300' that are provided to employees and their associates (e.g., family) on an infrequent and irregular basis…
Festive Season and FBT.
With the festive season well and truly on its way, many of you may be in the midst of organising gifts and Christmas parties. Unfortunately, the provision of these benefits may give rise to Fringe Benefits Tax (“FBT”). However, there are some simple things to consider when planning your event to maximise tax benefits: