Fringe benefits tax - rates and thresholds

Reportable fringe benefits

If you provide certain fringe benefits with a total taxable value of more than $2,000 in the FBT year, you must report the grossed-up taxable value of the fringe benefits on the employee's payment summary for the corresponding income year.

Reportable fringe benefits are grossed-up using the lower gross-up rate, so a fringe benefit with a taxable value of $2,000.01 becomes a reportable fringe benefits amount of $3,738.

Threshold for reporting on payment summaries	FBT year ending 31 March 2013	FBT year ending 31 March 2012
Taxable value	Exceeds $2,000	Exceeds $2,000
Grossed-up value	$3,738	$3,738