FBT rates and thresholds for 2020-21

FBT rates and thresholds for 2020-21
– Taxation Determination TD 2020/3 provides the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2020.

 
– Taxation Determination TD 2020/4 sets out the amounts that the Commissioner considers reasonable under s 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the FBT year commencing on 1 April 2020.

 
The following FBT determinations for rates and thresholds for the 2014-15 FBT year have been withdrawn as their effective dates have ceased: TD 2014/4, TD 2014/5, TD 2014/9, TD 2014/6 and TD 2014/11.