When planning your Christmas party, it’s also important to consider any tax requirements.Generally, you won’t have to pay FBT if you host the Christmas party on your business premises, or keep the cost of the party to below $300 per person.
Some Christmas parties can attract FBT, so it’s important you consider:
- the benefits of hosting the party at your business premises
- the value of any gifts you choose to give to staff
- whether to invite clients and other associates
- the cost of catering per person.
Read the Australian Taxation Office’s (ATO) FBT and Christmas parties information to find out if your business’s Christmas party will attract FBT