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Edition 45 - Minor Benefits

Edition 45 - Minor Benefits

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This edition of Bookkeepers Knowledge Base is dedicated to the topic of Fringe Benefits Tax (FBT), in particular the minor benefits exemption from FBT. In an employee’s market, in order to attract staff, more and more employers are providing employment packages that are multi-faceted. Moreover, something as common as a Christmas party can have FBT implications which you must understand in order to properly discharge your bookkeeping responsibilities.


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