Benefit information

Entertainment fringe benefits overview

There are several ways to record entertainment-related benefits:
  • Recreational Entertainment – Actual cost basis (allocated as Expense Payment, Property or Residual benefits)
  • Meal Entertainment – Actual cost basis, 12 week register or 50/50 methods
  • Entertainment facility leasing expenses – Actual cost basis or 50/50 methods
A separate category of fringe benefit for tax-exempt bodies has fewer exemptions than other entertainment fringe benefits. Most not-for-profit organisations are income tax exempt bodies for the purposes of entertainment fringe benefits.

Changes to limit the concessional treatment

The
Salary packaged benefit
 column on the Entertainment workpaper is used for the purposes of identifying salary-packaged entertainment benefits.

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax