fringe benefits

Fringe benefits tax rate 49%
From 1 April 2017 the fringe benefits tax rate will decrease to 47%
Payment dates for instalments based on notional or estimated tax liability are:

28/07/17      30/10/17      28/02/18      30/04/18

Where the previous year’s FBT liability is below $3,000 a single payment is due on 29/05/17.

Car Parking Fringe Benefits
Entertainment Fringe Benefits
Expense Payment Fringe Benefits
Motor Vehicle Fringe Benefits
Property Fringe Benefits

Statutory benchmark interest rate for FBT – 5.65%

Statutory FBT Car Fringe Benefits rate charge – effective 10 May 2011

Distance Travelled over the FBT year (km) Existing contracts (%) New contracts from 1 April 2012 (%) New contracts from 1 April 2013 (%) New contracts from 1 April 2014 (%)
0 – 14,999 26 20 20 20
15,000 – 24,999 20 20 20 20
25,000 – 40,000 11 17 20 20
More than 40,000 7 13 17 20