The FBT rates and thresholds have not changed for the FBT year ending 31 March 2020.
FBT rates
The FBT rates have not changed for the FBT year ending 31 March 2020.
FBT year ending |
FBT rate of tax |
Type 1 gross-up rate |
Type 2 gross-up rate |
|---|---|---|---|
31 March 2018, 2019, 2020 and 2021 |
47% |
2.0802 |
1.8868 |
Not-for-profit capping thresholds and FBT rebate rate
The not-for-profit capping thresholds and FBT rebate rate have not changed for the FBT year ending 31 March 2020.
FBT year ending |
Public benevolent institutions, health promotion charities, rebatable employers |
Public and not-for-profit hospitals and public ambulance services |
Meal entertainment and entertainment facility leasing expense benefits (all not-for-profit employers eligible for a cap) |
FBT rebate rate |
|---|---|---|---|---|
31 March 2018, 2019, 2020 and 2021 |
$30,000 |
$17,000 |
$5,000 |
47% |
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