color strip

Limiting fringe benefits tax concessions on salary packaged entertainment benefits

29 June 2015 | Exposure Draft

Exposure draft legislation is being released for consultation on the 2015-16 Budget measure that  limits the fringe benefits tax concessions on salary packaged entertainment benefits.

The measure will introduce a separate single grossed-up cap of $5,000 for salary packaged meal entertainment and entertainment facility leasing expenses (entertainment benefits) for employees of public benevolent institutions, health promotion charities and employees of public and not-for profit-hospitals and public ambulance services. Currently these employees can salary package entertainment benefits with no FBT payable by the employer and without the benefits being reported.

All salary packaged entertainment benefits will also become reportable fringe benefits.

This measure will improve the integrity of the tax system by introducing a limit on the use of these benefits.

The measure applies from 1 April 2016.

This consultation process has now been completed

Key Documents

Submissions

64 submissions were received for this consultation, including 11 confidential submissions.

Ref Num: {C8AE2495-6775-45BE-9AFF-88891F56CCC0}
color strip

Contact the Treasury

Telephone +61 2 6263 2111 or
1800 020 008 (Switchboard, 8.00 am to 5.30pm AEST)
Facsimile: + 61 2 6263 2869
Email Us
ABN: 92 802 414 793