Since April 2006 the minor benefit threshold was increased from less than $100 to Less than $300. This was to enable employers to conduct Staff Christmas Parties minimising Fringe Benefit Tax (FBT) costs.
What you need to know when having your Christmas Party!
| On Work Premises on a Work Day | Off Premises |
|
Less than $300/person Employees – FBT FREE – exempt property benefit Associates – FBT FREE – minor benefit exemption Clients – FBT FREE |
Less than $300/person Employees – FBT FREE – minor benefit exemption Associates – FBT FREE – minor benefit exemption Clients – FBT FREE |
|
More than $300/person Employees – FBT FREE – minor benefit exemption Associates – FBT Clients – FBT FREE |
More than $300/person Employees – FBT Associates – FBT Clients – FBT FREE |
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