Fringe benefits tax – rates and thresholds

This information contains fringe benefits tax (FBT) rates and thresholds for the 2016–17 to 2020–21 FBT years.

The FBT year runs from 1 April to 31 March.

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

From the 2020–21 FBT year 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 published on this page.

See also:

• Fringe benefits tax – historical rates and thresholds – for earlier record keeping rates and exemption thresholds
• Fringe benefits tax – a guide for employers

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.

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

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 or through Single Touch Payroll.

See also:

• Calculating 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 payment summary or through Single Touch Payroll 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 2020, 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

See also:

• FBT year ending 31 March 2020 – reference TD 2019/4
• Fringe benefits tax – historical rates and thresholds for earlier information

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:

• Fringe benefits tax – car calculator
• Fringe benefits tax – a guide for employers: 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%.

See also:

• Fringe benefits tax – a guide for employers: Chapter 7.5 – Operating cost method

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

See also:

• Fringe benefits tax – historical rates and thresholds for earlier information

Car parking threshold

See also:

• FBT year ending 31 March 2020 – reference TD 2019/9
• Fringe benefits tax – historical rates and thresholds for earlier information

Statutory or benchmark interest rate

See also:

• FBT year ending 31 March 2020 – reference TD 2019/6
• Fringe benefits tax – historical rates and thresholds for earlier information

Housing indexation figures

See also:

• FBT year ending 31 March 2020 – reference: TD 2019/5
• Fringe benefits tax – historical rates and thresholds for earlier information

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.

See also:

• Fringe benefits tax – historical rates and thresholds for earlier information

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 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:

• 2021 reference: TD 2020/4
• 2020 reference: TD 2019/7
• 2019 reference: TD 2018/3
• 2018 reference: TD 2017/5
• 2017 reference: TD 2016/4.

See Table 1 below for the amounts that apply to each cost group.

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:

See also:

• 2021 reference: TD 2020/4
• 2020 reference: TD 2019/7
• 2019 reference: TD 2018/3
• 2018 reference: TD 2017/5
• 2017 reference: TD 2016/4
• Fringe benefits tax – historical rates and thresholds for earlier information