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FBT rates and thresholds

Last updated 2 April 2023

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.

Table: FBT rates

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.

Table: Not-for-profit capping threshold and FBT rebate rate

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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