02 9683 5999With the festive season fast approaching, it may be useful to keep in mind that the FBT minor benefits exemption threshold is $300. This means that an employer can spend up to $300 on each employee and their spouse for the Christmas Function, as well as a further $300 each on a Christmas gift, without incurring any FBT liability.
Note, however that the exemption only applies to employers who adopt the actual method of accounting for entertainment expenditure for the FBT year.
