The fringe benefits tax rate will be increased to 49% from 1 April 2015
Currently the FBT rate is 47%, however will increase to 49% from 1 April 2015 to 31 March 2017 (2 years) to align with the top rate of tax for high income earners (disregarding the Medicare Levy Surcharge).
This will result in a corresponding increase to the FBT gross-up rates and the FBT rebate.
