Christmas is quickly approaching and plenty of you will be planning your end of year Christmas parties and gifts for your employees. There are important decisions to be made in terms of venues and drinks. Below is a summary chart of Entertainment & Gifts. A simple rule is that the more exuberant the function or gift, the greater the chances of incurring Fringe Benefits Tax (FBT). The cost of providing a Christmas party or gift is only income tax deductible to the extent that it is subject to FBT.













