Reduction in FBT rate from 1st of April 2017

In conjunction with the introduction of the temporary budget repair levy (of 2%, payable by high income earners), the FBT rate was also increased from 47% to 49% for the 2016 and 2017 FBT years.

However, the rate will revert to 47% from 1st of April 2017.

Comments are closed.
X