Fringe benefits tax (FBT) on Christmas parties – a gift to the ATO

By David Olsen · 3 December 2010 · Legal

ATO's Christmas Gift: What You Need to Know

The festive season may be a time for celebration, but your company's Christmas party could be a costly affair. Find out how the ATO's rules on fringe benefits tax could leave you with a hefty bill.

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Summary

The end-of-year office drinks is a festive tradition in Australia, but the annual work Christmas party could cost companies in unexpected fringe benefits tax, according to Nexia Court & Co.

Tags: ATO, FBT, Fringe Benefits Tax, Tax