TIP #2
Its a Tax Tip!

To be used as a guide only - please seek your own taxation advice.

GST & FBT Free

Does the food and drinks from BOX CATERING attract GST?
Yes, but if you have an ABN and the catering is for a work related purpose, you can claim it back as an inputed tax credit.

Does the food and drinks from BOX CATERING attract FBT?
Catering in-house, i.e. in your own office does not attract a fringe benefits tax, if it's for a work related purpose.

Below is a link to the Australian Taxation Office's ''Fringe benefits tax for small business'' page.
http://www.ato.gov.au/businesses/

 

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