Entertainment Expenses
Entertainment Expenses
This guide describes when entertainment expenses are deductible as an expense for income tax purposes. It also discusses entertainment expenditures that attract FBT.
Entertainment of employees and business contacts can be deducted as an expense for income
tax purposes.
Entertainment expenditure that is for business purposes can be either fully deductible or
partially deductible.
Entertainment expenditure that attracts FBT liability is fully deductible, as is the FBT itself.
Thorough record keeping is required by employers who claim to have entertainment expenditure
for tax purposes.
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