Employers: Are you planning Christmas festivities to reward your staff this year? 🎉🎁 Before you throw a party that will have them talking all year, it’s worth considering the fringe benefits tax (FBT) implications.
Your FBT obligations will depend on:
• The amount you spend on each employee for the party
• When and where the party is held (e.g. on a work day, on business premises)
• Who attends (e.g. staff only)
• The value and type of gifts you provide.
Unwrap all Yule need to know about celebrating with your employees this festive season at
www.ato.gov.au/…/Fring…/In-detail/FBT-and-Christmas-parties/