Tax & You (105) Tax on Xmas parties and gifts

Less than a month to the Christmas holiday season, at this time, the facilities are also preparing to host the festival, rewarding employees as well as sending gifts to their customers.

Ông Trịnh Hữu Lộc, chuyên gia thuế vụ tại Sunshine, Victoria. Source: SBS Vietnamese

However, not all party-related expenses are tax deductible, especially for entertainment-related expenses, and employers may be subject to a fringe benefit tax- for employee benefits and family.