The FBT rates and thresholds have not changed for the FBT year ending 31 March 2023.
FBT rates
The FBT rates are in the table below. They have not changed for the FBT year ending 31 March 2023.
FBT year ending |
FBT rate of tax |
Type 1 gross-up rate |
Type 2 gross-up rate |
|---|---|---|---|
31 March 2021, 2022, 2023 and 2024 |
47% |
2.0802 |
1.8868 |
Not-for-profit capping thresholds and FBT rebate rate
The not-for-profit capping thresholds and FBT rebate rate are in the table below. They have not changed for the FBT year ending 31 March 2023.
FBT year ending |
Public benevolent institutions, health promotion charities, rebatable employers |
Public and not-for-profit hospitals and public ambulance services |
Meal entertainment and entertainment facility leasing expense benefits (all not-for-profit employers eligible for a cap) |
FBT rebate rate |
|---|---|---|---|---|
31 March 2021, 2022, 2023 and 2024 |
$30,000 |
$17,000 |
$5,000 |
47% |
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