The general rule is that you can only claim 50% of any entertainment expenses for both income tax and GST purposes.  These expenses must fall within the following categories:-

v  Corporate Boxes;

v  Holiday Accommodation;

v  Pleasure Craft;

v  Food and drink consumed at any of the above or in other business circumstances such as while travelling on business or business breakfasts and lunches.

If you are unsure what you can claim as an entertainment expense, please give us a call.

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