Fringe benefits tax – rates and thresholds
This information contains fringe benefits tax (FBT) rates and thresholds for the 2017–18 to 2019–20 FBT years.
The FBT year runs from 1 April to 31 March.
Certain rates and thresholds are referenced from the relevant taxation determination.
FBT rate for the years ending 31 March 2018 to 31 March 2020
FBT year
|
FBT rate
|
Ending 31 March 2018, 2019 and 2020
|
47%
|
See also:
Pay by instalments threshold
If your FBT liability for the last year was $3,000 or more, you will need to pay four quarterly instalments.
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.
FBT Type 1 gross-up rate
FBT year
|
FBT rate
|
Type 1 gross-up rate
|
Ending 31 March 2018, 2019 and 2020
|
47%
|
2.0802
|
Type 2: lower gross-up rate
This rate is used if the benefit provider is not entitled to claim GST credits.
FBT Type 2 gross-up rate
FBT year
|
FBT rate
|
Type 2 gross-up rate
|
Ending 31 March 2018, 2019 and 2020
|
47%
|
1.8868
|
Reportable fringe benefits amounts and grossing up
Regardless of whether the benefits provided are type 1 or type 2, only the lower gross-up rate is used for reporting on employees' payment summaries.
See also:
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 payment summary for the corresponding income year.
Reportable fringe benefits are grossed-up using the lower gross-up rate. So if an employee receives certain fringe benefits with a total taxable value of $2,000.01 for the FBT year ending 31 March 2019, the reportable fringe benefits amount is $3,773.
Reportable fringe benefits thresholds
Threshold for reporting on payment summaries
|
FBT years ending
31 March 2018, 2019 and 2020
|
Taxable value
|
Exceeds $2,000
|
Minimum grossed-up value
|
$3,773
|
Capping of concessional FBT treatment for certain employers
The capping thresholds for the FBT exemption and FBT rebate concessions are shown below.
FBT treatment for certain employers
Employer type
|
FBT concession for the years ending
31 March 2018, 2019 and 2020
|
Public benevolent institution (other than public hospitals) and health promotion charities
|
FBT exemption capped at $30,000.
Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000.
|
Public hospitals, non-profit hospitals and public ambulance services
|
FBT exemption capped at $17,000.
Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000.
|
Rebatable employers – certain registered charities, non-government and non-profit organisations
|
FBT rebate of 47% capped at $30,000.
Salary packaged meal entertainment and entertainment facility leasing expense benefits capped at $5,000.
|
Record keeping exemption threshold
FBT year ending:
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.
The exception is where there is a pre-existing commitment in place, before 7.30pm 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.
See also:
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%.
See also:
Motor vehicle (other than a car) – Cents per kilometre rate
Motor vehicle (other than a car) – Cents per km rate
FBT year ending
|
0–2500cc
|
Over 2500cc
|
Motor cycles
|
31 March 2020
|
55c
|
66c
|
16c
|
31 March 2019
|
54c
|
65c
|
16c
|
31 March 2018
|
53c
|
63c
|
16c
|
See also:
Car parking threshold
FBT year ending:
Statutory/benchmark interest rate
FBT year ending:
Housing indexation figures
Housing indexation by state and territory
FBT year ending
|
NSW
|
VIC
|
QLD
|
SA
|
WA
|
TAS
|
NT
|
ACT
|
31 March 2020
|
1.020
|
1.019
|
0.997
|
1.008
|
0.937
|
1.043
|
0.948
|
1.028
|
31 March 2019
|
1.024
|
1.018
|
0.999
|
1.004
|
0.924
|
1.040
|
0.932
|
1.016
|
31 March 2018
|
1.024
|
1.014
|
1.005
|
1.010
|
0.942
|
1.025
|
0.933
|
0.998
|
See also:
Reasonable food and drink amounts for employees living away from home – 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.
Reasonable food and drink amounts (per week) for LAFHA – Australia
For
|
FBT year ending
31 March 2020
|
FBT year ending
31 March 2019
|
FBT year ending
31 March 2018
|
One adult
|
$269
|
$265
|
$247
|
Two adults
|
$404
|
$398
|
$371
|
Three adults
|
$539
|
$531
|
$495
|
One adult and one child
|
$337
|
$332
|
$309
|
Two adults and one child
|
$472
|
$465
|
$433
|
Two adults and two children
|
$540
|
$532
|
$495
|
Two adults and three children
|
$608
|
$599
|
$557
|
Three adults and one child
|
$607
|
$598
|
$557
|
Three adults and two children
|
$675
|
$665
|
$619
|
Four adults
|
$674
|
$664
|
$619
|
Each additional adult
|
$135
|
$133
|
$124
|
Each additional child
|
$68
|
$67
|
$62
|
Note: A person is considered an adult for this purpose if they were 12 years or older before the beginning of the FBT year.See also:
Reasonable food and drink amounts for employees living away from home – 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 1 sets out the reasonable food and drink amounts for each cost group.
Table 2 sets out the factors to apply if the employee is accompanied by other family members while overseas.
You will need to obtain the cost group for the country for the relevant FBT year:
See Table 1 below for the amounts that apply to each cost group.
Table 1: Reasonable food and drink amounts for one adult (per week) by cost groups – overseas
Cost group
|
FBT year ending
31 March 2020
|
FBT year ending
31 March 2019
|
FBT year ending
31 March 2018
|
1
|
$137
|
$137
|
$137
|
2
|
$201
|
$201
|
$201
|
3
|
$273
|
$273
|
$273
|
4
|
$328
|
$310
|
$310
|
5
|
$437
|
$437
|
$437
|
6
|
$537
|
$537
|
$537
|
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:
Table 2: Factors to apply for family groups – overseas
Family group
|
Factor
|
Two adults
|
1.5
|
Three adults
|
2.0
|
One adult and one child
|
1.25
|
Two adults and one child
|
1.75
|
Two adults and two children
|
2
|
Two adults and three children
|
2.25
|
Three adults and one child
|
2.25
|
Three adults and two children
|
2.5
|
Four adults
|
2.5
|
Each additional adult
|
50% of the relevant single adult rate in Table 1
|
Each additional child
|
25% of the relevant single adult rate in Table 1
|
See also:
Fringe benefits tax (FBT) rates and thresholds for the 2017–18 to 2019–20 FBT years.Last modified: 20 Jun 2019QC 18846