Calculation rates

For the calculation rates for the FBT year 1 April 2023 – 31 March 2024, refer to Fringe benefits tax – rates and thresholds.

Basic car rate – cents per kilometre basis

You now use a single rate per kilometre for all motor vehicles (regardless of the size of the engine).

You must use the basic car rate determined by the Commissioner of Taxation for the year ending 31 March 2024 if you reimburse an employee on a cents per kilometre basis for certain car expenses.

You may also wish to refer to our car expenses and cents per kilometre method pages.