TaxTMI 
TaxTMI 
Whether Sponsorship Fee paid liable to FBT? and also please send me the latest expenses list which are liable to FBT ?
Liability of FBT
04 Mar 2009 
2 Replies 
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Fringe Benefit Tax: sponsorship fees for events organised by government agencies or trade associations are excluded; otherwise taxable.
Fringe Benefit Tax liability for sponsorship fees turns on statutory exclusions: sponsorship of events organised by government agencies, trade associations, or similar bodies is excluded from FBT; if a sponsorship payment does not qualify for those exclusions, it is taxable as a fringe benefit. (AI Summary)
Fringe Benefit Tax liability for sponsorship fees turns on statutory exclusions: sponsorship of events organised by government agencies, trade associations, or similar bodies is excluded from FBT; if a sponsorship payment does not qualify for those exclusions, it is taxable as a fringe benefit. (AI Summary)