• Fringe benefits tax – rates and thresholds

    This information contains fringe benefits tax (FBT) rates and thresholds for the 2014–15 to 2016–17 FBT years.

    • The FBT year runs from 1 April to 31 March.
    • Certain rates and thresholds are referenced from the relevant taxation determination.
    FBT rate for the year ending 31 March 2015 to 31 March 2018

    FBT year

    FBT rate

    Ending 31 March 2015

    47%

    Ending 31 March 2016 and 31 March 2017

    49%

    Ending 31 March 2018

    47%

    Pay by instalments threshold

    If a taxpayer's FBT liability last year was $3,000 or more, they will need to pay four quarterly instalments.

    Gross-up rates for FBT

    Type 1: higher gross-up rate

    This rate is used where the benefit provider is entitled to a goods and services tax (GST) credit in respect of the provisions of a benefit.

    FBT Type 1 gross-up rate

    FBT year

    FBT rate

    Type 1 gross-up rate

    Ending 31 March 2015

    47%

    2.0802

    Ending 31 March 2016 and 31 March 2017

    49%

    2.1463

    Ending 31 March 2018

    47%

    2.0802

    Type 2: lower gross-up rate

    This rate is used if the benefit provider is not entitled to claim GST credits.

    FBT Type 2 gross up rate

    FBT year

    FBT rate

    Type 2 gross-up rate

    Ending 31 March 2015

    47%

    1.8868

    Ending 31 March 2016 and 31 March 2017

    49%

    1.9608

    Ending 31 March 2018

    47%

    1.8868

    Reportable fringe benefits amounts and grossing up

    Regardless of whether the benefits provided are type 1 or type 2, only the lower gross-up rate is used for reporting on employees' payment summaries.

    See also:

    Car fringe benefits statutory formula rates

    A flat statutory rate of 20% applies, regardless of the distance travelled, to all car fringe benefits you provide from 1 April 2014 (except where there is a pre-existing commitment in place before 7.30pm AEST on 10 May 2011 to provide a car).

    The statutory percentages for car fringe benefits where you have a pre-existing commitment in place prior to 7.30pm AEST on 10 May 2011 to provide the car after this time, are as follows.

    Pre-existing commitments rates

    Total kms travelled
    in FBT year

    Statutory %

    0 - 14,999

    26

    15,000 - 24,999

    20

    25,000 - 40,000

    11

    Over 40,000

    7

    You can continue to use these statutory rates for all pre-existing commitments unless there is a change to that commitment.

    See also:

    Motor vehicle (other than a car) cents per kilometre rate

    Motor vehicle (other than a car) cents per km rate

    FBT year ending

    0–2500cc

    Over 2500cc

    Motor cycles

    31 March 2017

    52c

    63c

    16c

    31 March 2016

    51c

    61c

    15c

    31 March 2015

    50c

    60c

    15c

    Car parking threshold

    FBT year ending:

    Statutory/benchmark interest rate

    FBT year ending:

    Record keeping exemption threshold

    FBT year ending:

    Housing indexation figures

    Housing indexation by state and territory

    FBT year ending

    NSW

    VIC

    QLD

    SA

    WA

    TAS

    NT

    ACT

    31 March 2017

    1.025

    1.022

    1.013

    1.016

    0.988

    1.010

    0.997

    0.978

    31 March 2016

    1.032

    1.020

    1.022

    1.020

    1.028

    1.011

    1.043

    0.989

    31 March 2015

    1.037

    1.020

    1.022

    1.024

    1.067

    1.010

    1.076

    1.017

    Deemed depreciation rate – cars

    These diminishing value depreciation rates are used for car fringe benefits valued under the operating cost method.

    Deemed car depreciation rates

    Date car purchased

    Depreciation rate

    Up to and including 30 June 2002

    22.5%

    From 1 July 2002 to 9 May 2006

    18.75%

    On or after 10 May 2006

    25%

    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 if an employee receives certain fringe benefits with a total taxable value of more than $2,000 for the FBT year ending 31 March 2017, the reportable fringe benefits amount is $3,921.

    Reportable fringe benefits thresholds

    Threshold for reporting
    on payment summaries

    FBT year ending 31 March 2017

    FBT year ending
    31 March 2016

    FBT year ending
    31 March 2015

    Taxable value

    Exceeds $2,000

    Exceeds $2,000

    Exceeds $2,000

    Grossed-up value

    $3,921

    $3,921

    $3,773

    Capping of concessional FBT treatment for certain employers

    The capping thresholds for the FBT exemption and FBT rebate concessions changes for the FBT year ending 31 March 2016 onwards.

    FBT treatment for certain employers

    Employer

    FBT concession for the year ending 31 March 2015 (and prior years)

    FBT concession for the year ending 31 March 2016

    FBT concession for the year ending 31 March 2017

    FBT concession for the year ending 31 March 2018

    Public benevolent institution (other than public hospitals) and health promotion charities

    FBT exemption capped at $30,000

    FBT exemption capped at $31,177

    FBT exemption capped at $31,177

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    FBT exemption capped at $30,000

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    Public hospitals, non-profit hospitals and public ambulance services

    FBT exemption capped at $17,000

    FBT exemption capped at $17,667

    FBT exemption capped at $17,667

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    FBT exemption capped at $17,000

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    Rebatable employers – certain registered charities, non-government and non-profit organisations

    FBT rebate of 48%, capped at $30,000

    FBT rebate of 49% capped at $31,177

    FBT rebate of 49% capped at $31,177

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    FBT rebate of 47% capped at $30,000

    Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000

    Reasonable food and drink amounts for employees living away from home – in Australia

    The table below sets out the weekly amounts we consider to be reasonable food and drink amounts for a living-away-from-home allowance (LAFHA) paid to employees living away from home within Australia. These amounts are for the total of food or drink expenses and include any amounts that may have been allowed for home consumption.

    Reasonable food and drink amounts for LAFHA – Australia

     

    FBT year ending 31 March 2017

    FBT year ending
    31 March 2016

    FBT year ending
    31 March 2015

    per week

    per week

    per week

    One adult

    $242

    $241

    $236

    Two adults

    $363

    $362

    $354

    Three adults

    $484

    $483

    $472

    One adult and one child

    $303

    $302

    $295

    Two adults and one child

    $424

    $423

    $413

    Two adults and two children

    $485

    $484

    $472

    Two adults and three children

    $546

    $545

    $531

    Three adults and one child

    $545

    $544

    $531

    Three adults and two children

    $606

    $605

    $590

    Four adults

    $605

    $604

    $590

    Each additional adult

    $121

    $121

    $118

    Each additional child

    $61

    $61

    $59

    A person is considered an adult for this purpose if they were 12 years or older before the beginning of the FBT year.

    Reasonable food and drink amounts for employees living away from home – overseas

    The tables below set out the weekly amounts we consider to be reasonable food and drink amounts for a LAFHA paid to employees living away from home outside of Australia for the FBT year ending 31 March 2015 and 31 March 2016 as follows.

    • Table 1 sets out the reasonable food and drink amounts for each cost group.
    • Table 2 sets out the factors to apply if the employee is accompanied by other family members while overseas.

    You will need to obtain the cost group for the country from TD 2016/4 for the FBT year ended 31 March 2017, TD 2015/7 for the FBT year ended 31 March 2016 or TD 2014/9 for the FBT year ended 31 March 2015.

    For the amounts that apply to each cost group see Table 1 below.

    Table 1: Reasonable food and drink amounts by cost groups – overseas

    Cost Group

    Food and drink for one adult

    FBT year ending 31 March 2017

    FBT year ending 31 March 2016

    FBT year ending 31 March 2015

    1

    $137

    $137

    $137

    2

    $201

    $201

    $201

    3

    $273

    $273

    $246

    4

    $310

    $310

    $310

    5

    $437

    $437

    $419

    6

    $537

    $537

    $492

    Where the employee is accompanied by other family members while overseas, the reasonable food and drink amount per week for the family is worked out by multiplying the amount shown in Table 1 by the relevant factor in Table 2 below:

    Table 2: Factors to apply for family groups – overseas

    Family group

    Factor

    Two adults

    1.5

    Three adults

    2.0

    One adult and one child

    1.25

    Two adults and one child

    1.75

    Two adults and two children

    2

    Two adults and three children

    2.25

    Three adults and one child

    2.25

    Three adults and two children

    2.5

    Four adults

    2.5

    Each additional adult

    50% of the relevant single adult rate in Table 1

    Each additional child

    25% of the relevant single adult rate in Table 1

    Last modified: 29 Nov 2016QC 18846