Basic car rate – cents per kilometre basis
You now use a single rate per kilometre for all motor vehicles (regardless of the size of the engine).
You must use the basic car rate determined by the Commissioner of Taxation for the year ending 31 March 2025 if you reimburse an employee on a cents per kilometre basis for certain car expenses.
FBT year | Cents per kilometre rate |
|---|---|
1 April 2024 – 31 March 2025 | Rate for the income year 1 July 2024 – 30 June 2025 is 88 cents. |
More information
For more assistance, refer to:
- Fringe benefits tax – rates and thresholds – for calculation rates for the FBT year 1 April 2024 to 31 March 2025
- Motor vehicle and car expenses
- Cents per kilometre method.