Streamlining of Fringe Benefits Tax (FBT) for salary-packaged cars
This will be phased in over four years and apply to new contracts entered into after 7:30pm (AEST) on 10 May 2011 as follows:
|
Distance travelled during the FBT year (1 April - 31 March) |
From 10 May 2011 |
From 1 April 2012 |
From 1 April 2013 |
From 1 April 2014 |
|
0 - 15,000 km |
0.20 |
0.20 |
0.20 |
0.20 |
|
15,000 - 25,000 km |
0.20 |
0.20 |
0.20 |
0.20 |
|
25,000 - 40,000 km |
0.14 |
0.17 |
0.20 |
0.20 |
|
More than 40,000 km |
0.10 |
0.13 |
0.17 |
0.20 |