FBT rates
The FBT rates are in the table below. They have not changed for the FBT year ending 31 March 2024.
FBT year ending | FBT rate of tax | Type 1 gross-up rate | Type 2 gross-up rate |
|---|---|---|---|
31 March 2022, 2023, 2024 and 2025 | 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 2024.
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 2022, 2023 2024 and 2025 | $30,000 | $17,000 | $5,000 | 47% |
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