Fringe benefits tax rate 46.5%

Payment dates for instalments based on notional or estimated tax liability are:



28/07/11      28/10/11      28/02/12      28/04/12
Where the previous year's FBT liability is below $3,000 a single payment is due on 28/05/12.

Statutory benchmark interest rate for FBT - 7.8%

Medicare Levy

1.5% (subject to shading in) and 1% surcharge for taxpayers without private health insurance and taxable income >$160,000 for families (increased by $1,500 for every dependant child after the first) and $80,000 for individuals.