Private Travel & Fringe Benefits Tax
Fringe benefits tax - rates and thresholds
The information below contains fringe benefits tax (FBT) rates and thresholds for the 2017-2018 to 2019-20 FBT years.
The FBT year runs from 1 April to 31 March.
|
FBT year ending - 31 March 2018, 2019 and 2020 |
|
| FBT Rate | 47% |
| Type 1 Gross Up Rate | 2.0802 |
| Type 2 Gross Up Rate | 1.8868 |
If you have any questions, refer to your Faculty Finance & Planning Manager or Division Finance.
Fringe benefits tax - travel
To ensure the University does not incur unnecessary fringe benefits tax (FBT), staff travelling on behalf of the University are required to complete a travel diary for all international travel, and any domestic travel of more than 5 consecutive nights.
If a travel diary is not submitted, the Australian Taxation Office (ATO) requires the University to treat the entire trip as private, resulting in FBT being incurred to approximately the same value as the associated travel.
In line with existing Policy, any FBT incurred will be charged to the cost centre where the associated travel expenditure is reported.
For more information on FBT and how it could apply to you, click on the links below;
- FBT and Private Travel Guidelines
- FBT and Private Travel FAQ's
- FBT and Private Travel Calculator
- Travel Diary
- Need further info or assistance?
Tax enquiries should be directed to your Faculty Finance & Planning Manager or Division Finance in the first instance. For more complex tax advice, please contact the Tax Help Desk.
