We’re often asked about the tax deductibility of Christmas Gifts and Parties.
The ATO website is very confusion on this topic. Yes certain gifts are tax deductible, however parts of the ATO website does not mentioning that these may also be subject to a very expensive Fringe Benefits Tax!
The rules are complex and depend on the type of gift and the recipient: staff, staff partner or client.
Download our easy to follow complete guide to tax and Christmas Gifts and Parties.