Hi,
I have been researching the implications of gift cards to employees as a Christmas gift from the perspective of both the employer and employee with regards to tax deduction and FBT.
What I have found is there are comments regarding gifts for employee associates, that being partners, spouse, family member etc.
Below is an example from Fringe benefits tax - a guide for employers - Minor Benefits section
"When determining if the notional taxable value of the benefit is less than $300, benefits provided to associates are not included"
Can someone please explain what this means in terms of providing gift cards, could I hypothetically give a gift card to my employee of $250 and a gift card to his wife of $250 and still claim them as FBT exempt?
Thank you
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