FBT on Gift Cards
Your guide to FBT on Gift Cards.
Fill in the form below to download our quick free guide on Fringe Benefits Tax in Australia.
You’ll learn:
-
The FBT implications on rewarding staff with gift cards
-
How you can minimise your company’s FBT exposure
-
How to build an FBT effective Reward & Recognition Program
-
How the Australian Tax Office recommends you treat Gift Cards
By submitting details, you agree for MicroGifts to contact you in the future & stay in touch.
FBT on Gift Cards - A Summary
Fringe Benefits Tax (FBT) rules for Gift Cards are guided by the ATO. FBT, if applicable, is paid by employers at a tax rate or 47% on certain benefits provided beyond remuneration.
FBT exemptions are covered under the ‘Minor Benefit Exemption’ guidelines. In principle, where an employer buys a voucher/gift card and uses it to reward an employees, FBT guidelines apply.
To be exempt from the FBT rules, there are specific guidelines & important considerations for a business to be aware of.
Fill in the form above to learn the important exemptions that you should be aware of in minimising your FBT exposure for your staff rewards. Our guide will provide you with the key steps to building an FBT effective Reward & Recognition Program for your employees.
Below are a few blogs that may also help further your FBT knowledge:
- Employee Christmas Gifts – How to make your staff Christmas Gifts Tax friendly
- Staff Rewards – FBT on staff rewards
- Employee Recognition – Employee Recognition Awards
- FBT exemptions on Gift Cards – FBT exemptions on Gift Cards