Common Mistake: Applying the Minor and Infrequent Benefits Exemptions

By |2022-03-14T16:53:18+11:00March 14th, 2022|Business, Companies, Fringe Benefits Tax, Uncategorised|

Many employers are unknowingly falling foul of the FBT regime through an incorrect interpretation of the minor and infrequent exemption allowed for benefits that cost less than $300. The most prevalent area where employers find themselves in trouble when applying the minor and infrequent exemption is in relation to the provision of ‘Meal Entertainment’.