ATO compliance
Diners Club has simplified GST for you by making our Business Card statements an efficient, streamlined solution to GST reporting for all your travel and entertainment expenses. Your Diners Club Business Card statement consolidates all your monthly expenditure into one clear record, making it easier to control and manage your expenses.
The Diners Club Business Card statement complies with ATO guidelines for statements to be accepted as a substitute for Tax Invoices (other than mixed supplies).
Statement Features:
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Records GST paid on purchases
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Can be used as a substitute Tax Invoice for expenditure identified as Taxable Supplies on the statement
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Flags potential FBT liable purchases
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Offers a convenient method to calculate actual GST claimable and FBT payable on flagged purchases
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Consolidates all travel and entertainment expenses into one system for easy management
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Diners Club Card and MasterCard Card transactions all on the same statement
Track Your FBT Liabilities
If entertaining clients or associates is part of your business activities it is essential that you know the FBT rules relating to taxation of entertainment expenses.
Entertainment expenses paid by an employer directly or paid by employees and subsequently reimbursed may be subject to FBT. Your Diners Club Business Card statement flags charges that may be FBT liable and has been designed to assist you in calculating accurate FBT liability and related claimable GST.
