Rate and gross-up rates, by FBT year
| FBT year ending | FBT rate | Type 1 gross-up | Type 2 gross-up |
|---|---|---|---|
| 31 March 2027 | 47% | 2.0802 | 1.8868 |
| 31 March 2026 | 47% | 2.0802 | 1.8868 |
| 31 March 2025 | 47% | 2.0802 | 1.8868 |
| 31 March 2024 | 47% | 2.0802 | 1.8868 |
| 31 March 2023 | 47% | 2.0802 | 1.8868 |
| 31 March 2022 | 47% | 2.0802 | 1.8868 |
| 31 March 2021 | 47% | 2.0802 | 1.8868 |
| 31 March 2020 | 47% | 2.0802 | 1.8868 |
| 31 March 2019 | 47% | 2.0802 | 1.8868 |
| 31 March 2018 | 47% | 2.0802 | 1.8868 |
Type 1 applies where the provider is entitled to a GST credit for providing the benefit; Type 2 applies where it is not. Reportable fringe benefits on an employee’s income statement are always grossed up at the Type 2 rate. For the years ending 31 March 2023 to 2027 the reporting threshold is a taxable value above $2,000, a grossed-up minimum of $3,773.
Download the table as CSV. Each row of the CSV gives the ATO page it was read from (source_url) and the date it was last checked against it (checked_at); every row was rechecked on 3 November 2026.
Cite as Duguid, R. (2026). FBT rate and gross-up rates by FBT year [Data set].
https://duguid.com.au/rates/fbt-rate/. Verify against current ATO guidance before relying on a figure.
How the rate and the gross-up fit together
FBT is charged on the grossed-up taxable value, not the taxable value itself. The gross-up converts the benefit to the pre-tax salary that would have bought it, so the 47% rate then produces the same tax as the top marginal rate plus Medicare levy. A $10,000 Type 2 benefit grosses up to $18,868 and attracts $8,867.96 of FBT.
Common questions
What is the FBT rate for the year ending 31 March 2027?
47%. The ATO lists the same rate for the FBT years ending 31 March 2023 through 2027.
What are the FBT gross-up rates?
Type 1 is 2.0802 and Type 2 is 1.8868, unchanged for every FBT year ending 31 March 2018 to 2027.
When does the FBT year start and end?
The FBT year runs from 1 April to 31 March, so the year ending 31 March 2027 began on 1 April 2026.
Which gross-up rate applies to reportable fringe benefits?
The lower Type 2 rate, whether or not the benefit itself was Type 1. The reporting threshold is a taxable value above $2,000, which grosses up to $3,773.
Figures here reflect the sources named above as at the verification date. Check current ATO guidance or the legislation before relying on a figure.
Maintained by Ryan Duguid as part of his open source Australian computational accounting tools. He is a Provisional CA ANZ Member. Source and contact.