From 1 April 2016, a single grossed up cap of $5,000 per year, per employee will apply for the value of fringe benefits exempt from fringe benefits tax (FBT) purposes, in relation to meal entertainment expenses and entertainment facility expenses packaged as part of an employee’s salary. Currently, public benevolent institutions and health promotion charities have annual limits for FBT exempt benefits of around $30,000. These will remain unchanged. However, there are currently no caps for meal and entertainment facility expenses for these organisations, which […]
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