April 24, 2017
Following is a useful table to refer to when claiming entertainment expenses:
| Entertainment Expenses Table |
50% deductible |
100% deductible |
| Friday night drinks for team members or clients in the office. |
x |
|
| Friday night drinks for team members or clients in the pub. |
x |
|
| Hire of a launch to entertain clients. |
x |
|
| Restaurants providing food and drinks to team members at a social function in their restaurant. |
x |
|
| Sponsoring local sports teams and receiving tickets to their corporate box in return. 50% of the value of the tickets would be deducted from the total sponsorship. |
x |
|
| Sponsoring a sports team by providing a meal for the team at their grounds after each game. |
x |
|
| Staff Christmas party on or off the business premises. |
x |
|
| Taking a client out to dinner while you are out of town on business in New Zealand. |
x |
|
| Taking a client out to dinner. |
x |
|
| Dinner for Sales Rep while out of town selling and no client present. |
x |
|
| Donating food to a Christmas party in a children?s hospital. |
x |
|
| Employee’s salary package includes a taxable allowance for entertaining clients. |
x |
|
| Golf club subscription for business owner paid by the Company. |
x |
|
| Gym membership for team member paid by employer. |
x |
|
| Providing a meal for a journalist while reviewing your business for their column. |
x |
|
| Providing morning and afternoon tea for your team. |
x |
|
| Sandwiches provided at a lunchtime meeting of supervisors. |
x |
|
| Sponsoring a local sports team. |
x |
|
| Taking a client out to dinner while you are out of town on business outside New Zealand. |
x |
