Estimate FBT payable by an employer on non-cash benefits provided to employees for the FBT year ending 31 March 2026.
Fringe Benefits Tax is paid by employers — not employees — on non-cash benefits provided in connection with employment. The FBT year runs from 1 April to 31 March. The FBT rate is 47% (matching the top marginal tax rate plus Medicare levy), applied to the grossed-up taxable value of the benefit.
The grossing-up mechanism ensures that the employee receives the same after-tax value as if they had received cash and paid income tax. Type 1 benefits (where the employer can claim a GST credit) use a higher gross-up rate of 2.0802; Type 2 benefits use 1.8868.
FBT-exempt benefits include: items with a taxable value below $300 (the minor benefits exemption), certain EV novated leases, work-related items (laptops, mobile phones used primarily for work), and contributions from not-for-profit or hospital employers under the $15,900 exempt cap.