Menu
Banner

Tax Facts - Entertainment

Entertainment expenditure is limited to a 50% deduction if it falls within the following:

  1. Corporate Boxes
  2. Holiday Accommodation
  3. Pleasure Craft
  4. Food & Beverages consumed at any of the above or in other specific circumstances, for example:
    • incidentally at any of the three types of entertainment above, eg, alcohol and food provided in a corporate box
    • away from the taxpayer's business premises, such as a business lunch at a restaurant
    • on the taxpayer's business premises at a party, reception, celebration meal, or other similar social function, such as a Christmas party for all staff, held on the business premises (excluding everyday meals provided at a staff cafeteria)
    • at any event or function, on or away from your business premises for the purpose of staff morale or goodwill, such as a Friday night 'shout' at the pub
    • in an area of the business premises reserved for use at the time by senior staff and not open to other staff, such as an executive dining room used to entertain clients

There are a number of exemptions from these rules, please contact us if you are unsure, or see the IRD Entertainment Expenses (IR268) booklet for more information.

Supplied by CCH Business Fitness NZ

business

Business Services

Our aim is to provide you with advice when your business needs it - not just when you ask for it.

Tax

Tax Services

We work in partnership with you to minimise your tax and help you achieve your key objectives.

specialist

Specialist Services

We've developed our traditional accounting practices into innovative client-focused services.

Client Resources

We offer a range of free and easy to use online resources including...

calcs
Calculators
keydates
Key Dates
taxfacts
Tax Facts
links
Useful Links

Contact Details

Physical Address
415 Cameron Road (Cnr Eighth Avenue
Cameron Road)
Tauranga 3110

Postal Address
PO Box 2046
Tauranga 3144

Telephone Number
07 578 6161

Fax Number
07 578 0940

E-mail
Use the following link to e-mail us directly.

CA Reckon xero myob Feesmart