FBT rates
The FBT rates are in the table below. They have not changed for the FBT year ending 31 March 2023.
|
FBT year ending |
FBT rate of tax |
Type 1 gross-up rate |
Type 2 gross-up rate |
|---|---|---|---|
|
31 March 2021, 2022, 2023 and 2024 |
47% |
2.0802 |
1.8868 |
Not-for-profit capping thresholds and FBT rebate rate
The not-for-profit capping thresholds and FBT rebate rate are in the table below. They have not changed for the FBT year ending 31 March 2023.
|
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 2021, 2022, 2023 and 2024 |
$30,000 |
$17,000 |
$5,000 |
47% |
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