Fringe benefits tax – rates and thresholds

Fringe benefits tax (FBT) rates and thresholds for employers for the 2019–20 to 2023–24 FBT years.

On this page

• Tax determinations
• Pay by instalments threshold
• Rate for 31 March 2020 to 31 March 2024
• Gross-up rates for FBT
• Reportable fringe benefits
• Capping of concessional FBT treatment for certain employers
• Record keeping exemption threshold
• Car fringe benefits statutory formula rates
• Deemed depreciation rate – cars
• Motor vehicle (other than a car) – cents per kilometre rate
• Car parking threshold
• Statutory or benchmark interest rate
• Housing indexation figures
• Reasonable food and drink amounts for employees living away from home (LAFHA) – in Australia
• Reasonable food and drink amounts for employees living away from home (LAFHA) – overseas

An FBT rate of 47% applies across these years.

The FBT year runs from 1 April to 31 March.

Tax determinations

Certain rates and thresholds are referenced from the relevant taxation determination.

From the 2020–21 FBT year onwards, tax determinations will only be published for:

• motor vehicle (other than a car) – cents per kilometre rate
• reasonable food and drink amounts for employees living away from home.

All other rates and thresholds will only be available here. Work out earlier record keeping rates and exemption thresholds.

Find out more about FBT for employers.

Pay by instalments threshold

If your FBT liability for the last year was $3,000 or more, you will need to pay 4 quarterly instalments.

Rate for 31 March 2020 to 31 March 2024

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 provision of a benefit.

Type 2: lower gross-up rate

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

Reportable fringe benefits amounts and grossing up

Only the lower gross-up rate is used for reporting on employees' income statements or payment summaries. This is regardless of whether the benefits provided are type 1 or type 2. Work out how to calculate your FBT.

Reportable fringe benefits

If you provide certain fringe benefits with a total taxable value of more than $2,000 during the FBT year, you must report:

• the grossed-up taxable value of the fringe benefits on the employee's income statement or payment summary
• for the corresponding income year.

Reportable fringe benefits are grossed-up using the lower gross-up rate.

So, for example, if an employee receives certain fringe benefits with a total taxable value of $2,000.01 for the FBT year ending 31 March 2023, the reportable fringe benefits amount is $3,773.

Capping of concessional FBT treatment for certain employers

The capping thresholds for the FBT exemption and FBT rebate concessions are shown below.

Record keeping exemption threshold

Work out earlier rates and thresholds.

Car fringe benefits statutory formula rates

A flat statutory rate of 20% applies to all car fringe benefits you provide from 1 April 2014, regardless of the distance travelled. Work out your taxable value and FBT payable with the car calculator.

The exception is where there is a pre-existing commitment in place, before 7:30 pm AEST on 10 May 2011, to provide a car. Where you have a pre-existing commitment in place, the statutory percentages are available in Chapter 7.4 of Fringe benefits tax – a guide for employers.

Find out more about FBT for employers in Chapter 7.4 Statutory formula method.

Deemed depreciation rate – cars

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

For cars purchased on or after 10 May 2006, the depreciation rate is 25%.

Find out more about FBT for employers in Chapter 7.5 – Operating cost method.

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

Work out earlier rates and thresholds.

Car parking threshold

Work out earlier rates and thresholds.

Statutory or benchmark interest rate

Work out earlier rates and thresholds.

Housing indexation figures

Work out earlier rates and thresholds.

Reasonable food and drink amounts for employees living away from home (LAFHA) – 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.

Work out earlier rates and thresholds.

Reasonable food and drink amounts for employees living away from home (LAFHA) – 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:

• Table 12 sets out the reasonable food and drink amounts for each cost group.
• Table 13 sets out the factors to apply if the employee is accompanied by other family members while overseas.

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:

Work out earlier rates and thresholds.