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FBT rates and thresholds

The FBT rates and thresholds have not changed for the FBT year ending 31 March 2024.

Last updated 19 March 2024

FBT rates

The FBT rates are in the table below. They have not changed for the FBT year ending 31 March 2024.

Table: FBT rates

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.

Table: Not-for-profit capping threshold and FBT rebate rate

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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