ato

 
 
Show download pdf controls
Show print controls

  • Recent and proposed law changes

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    FBT rate changes

    The FBT rate has changed from the year starting 1 April 2014 onwards.

    FBT year

    FBT rate

    Type 1 gross-up rate

    Type 2 gross-up rate

    Starting 1 April 2013 (and prior years)

    46.5%

    2.0647

    1.8692

    Starting 1 April 2014

    47%

    2.0802

    1.8868

    Starting 1 April 2015 and 1 April 2016

    49%

    2.1463

    1.9608

    Starting 1 April 2017

    47%

    2.0802

    1.8868

    Non-profit capping threshold and FBT rebate rate changes

    The non-profit capping threshold and FBT rebate rate will change from the year starting 1 April 2015 onwards.

    FBT year

    PBIs, HPCs, Rebatable employers

    Public and non-profit hospitals and public ambulance services

    FBT rebate rate

    Starting 1 April 2014 (and prior years)

    $30,000

    $17,000

    48%

    Starting 1 April 2015 and 1 April 2016

    $31,177

    $17,667

    49%

    Starting 1 April 2017

    $30,000

    $17,000

    47%

    Correcting a mistake

    You can correct a mistake by striking it out in black pen. Write the new information as close as possible to the boxes for the label. You can also use tape white-out to correct errors. However, do not use liquid white-out – this causes problems with scanning, which will delay the processing of your return.

    Find out more

    Record keeping

    End of find out more
    Last modified: 27 Mar 2015QC 44652