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On this page you will find most of the ATO rates and thresholds required for Payroll and FBT.
These figures should be used as a guide only and liable to change at any time
Resident Tax Rates
Reasonable Overnight Travel
Overtime meal allowance
Child Support Protected Earnings
Motor Vehicle Rate at cents per km
FBT Rates
Gross up rates for FBT
Car Fringe Benefit Statutory Formula Rate
Car Parking Thresholds
Deemed Depreciation Rates
Reportable Fringe Benefits
Living Away From Home Allowance
Depreciation - Effective Life
Car Depreciation Limit
Record Keeping Exemption Threshold
TD 2010/2 - The exemption threshold for FBT for the year commencing 1 April 2010 is $7,190
TD 2011/2 - The exemption threshold for FBT for the year commencing 1 April 2011 is $7,391
Resident Tax Rates
Tax rates 2011-2012
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $37,000 |
15c for each $1 over $6,000 |
|
$37,001 - $80,000 |
$4,650 plus 30c for each $1 over $35,000 |
|
$80,001 – $180,000 |
$17,550 plus 37c for each $1 over $80,000 |
|
Over $180,000 |
$54,550 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5% or the Flood Levy
Resident Tax Rates
Tax rates 2010-2011
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $37,000 |
15c for each $1 over $6,000 |
|
$37,001 - $80,000 |
$4,650 plus 30c for each $1 over $35,000 |
|
$80,001 – $180,000 |
$17,550 plus 37c for each $1 over $80,000 |
|
Over $180,000 |
$54,550 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5%.
Reasonable Overnight Travel Amount -TD 2012 / 17 for the 2011-2012 Year
The reasonable amounts for daily travel allowance expenses, according to salary levels and destinations, for the 2011-12 income year are shown in Tables 1 to 6 as follows.
| Table 1: Employee's annual salary - $100,840 or below |
| Place |
Accomm .
$ |
Food and drink
$
B'fast 23.65
Lunch 26.55
Dinner 45.60 |
Incidentals
$ |
Total
$ |
| Adelaide |
157 |
95.80 |
17.30 |
270.10 |
| Brisbane |
201 |
95.80 |
17.30 |
314.10 |
| Canberra |
165 |
95.80 |
17.30 |
278.10 |
| Darwin |
189 |
95.80 |
17.30 |
302.10 |
| Hobart |
125 |
95.80 |
17.30 |
238.10 |
| Melbourne |
173 |
95.80 |
17.30 |
286.10 |
| Perth |
176 |
95.80 |
17.30 |
289.10 |
| Sydney |
183 |
95.80 |
17.30 |
296.10 |
| High cost country centres |
See Table 4 |
95.80 |
17.30 |
Variable - see Table 4 |
| Tier 2 country centres (see Table 5) |
120 |
B'fast 21.15
Lunch 24.20
Dinner 41.65 |
17.30 |
224.30 |
| Other country centres |
100 |
B'fast 21.15
Lunch 24.20
Dinner 41.65 |
17.30 |
204.30 |
Reasonable Overtime Meal Allowance
For the 2011-12 income year the reasonable amount for overtime meal allowance expenses is $26.45
Child Support Protected Earnings Amount
|
Year |
Per week |
Per fortnight |
Per month |
| 2011 |
$318.00 |
$636.00 |
$1382.73 |
|
2010 |
$308.63 |
$617.26 |
$1341.99 |
Motor Vehicle ATO Rates per KM – 2010/11 Year
|
Ordinary car —engine capacity |
Rotary engine car—engine capacity |
Cents per kilometre |
|
1600cc (1.6 litre) or less |
800cc (0.8 litre) or less |
63 |
|
1601cc–2600cc
(1.601 litre–2.6 litre) |
801cc–1300cc
(0.801 litre–1.3 litre) |
74 |
|
2601cc (2.601 litre) and over |
1301cc (1.301 litre) and over |
75 |
For travel over 5,000km you are required to withhold PAYG
FBT Rates
|
Year ending 31/3/2011: |
46.5% |
|
Year ending 31/3/2010: |
46.5% |
|
Year ending 31/3/2009: |
46.5% |
|
Year ending 31/3/2008: |
46.5% |
|
Year ending 31/3/2007: |
46.5% |
Gross up rates for FBT
|
Gross-up rate |
FBT year ending 31/3/2009 onwards |
FBT year ending 31/3/2008 |
FBT year ending 31/3/2007 |
FBT year ending 31/3/2006 |
Explanation |
|
Type 1
Higher gross-up rate |
2.0647 |
2.0647 |
2.0647 |
2.1292 |
This rate is used where the benefit provider is entitled to a GST credit in respect of the provisions of a benefit. |
|
Type 2
Lower gross-up rate |
1.8692 |
1.8692 |
1.8692 |
1.9417 |
This rate is used if the benefit provider is not entitled to claim GST credits.
(Regardless of whether the benefits provided are type 1 or type 2, only the lower gross-up rate is used for reporting on employees’ payment summaries.) |
Car Fringe Benefit Statutory Formula Rate
|
Total kilometres travelled during the year |
Statutory percentage |
|
Less than 15,000 |
26% |
|
15,000 to 24,999 |
20% |
|
25,000 to 40,000 |
11% |
|
Over 40,000 |
7% |
Car Fringe Benefit Statutory Formula Rate for vehciles acquired after 10 May 2011
| |
|
|
|
|
|
| |
Existing contracts |
From 10 May
2011 |
From 1 April
2012 |
From 1 April
2013 |
From 1 April
2014 |
|
Less than 15,000 |
26% |
20% |
20% |
20% |
20% |
|
15,000 to 24,999 |
20% |
20% |
20% |
20% |
20% |
|
25,000 to 40,000 |
11% |
14% |
17% |
20% |
20% |
|
Over 40,000 |
7% |
11% |
13% |
17% |
20% |
Car Parking Thresholds
|
FBT year ending |
Rate |
Reference |
|
31/3/2009 |
$7.07 |
Taxation Determination 2008/12 |
|
31/3/2010 |
$7.25 |
Taxation Determination 2009/11 |
|
31/3/2011 |
$7.46 |
Taxation Determination |
|
31/3/2012 |
$7.71 |
Taxation Determination 2011/14 |
Deemed Depreciation Rate
|
Date car purchased |
FBT year ending 31 March 2008 (previous rates) |
FBT year ending 31 March 2009 and future years (current rates) |
|
Up to and including 30 June 2002 |
22.5% |
22.5% |
|
From 1 July 2002 to 9 May 2006 |
18.75% |
18.75% |
|
On or after 10 May 2006 |
18.75% |
25% |
Reportable Fringe Benefits
|
Threshold for reporting on payment summaries |
FBT year ending
31/3/07 |
FBT year ending
31/3/08 |
FBT year ending
31/3/09 onwards |
|
Taxable value |
Exceeds $1,000 |
Exceeds $2,000 |
Exceeds $2,000 |
|
Grossed-up value |
$1,869 |
$3,738 |
$3,738 |
From 1 April 2007, the fringe benefits reporting exclusion threshold increased from $1,000 to $2,000.
Reasonable Meals component Living Away From Home (LAFHA)
|
Year ending 31 March |
2012
Per Week |
2011
Per week |
2010
Per week |
|
One adult |
233 |
229 |
221 |
|
Two adults |
373 |
367 |
354 |
|
Three adults |
419 |
412 |
397 |
|
One adult and one child |
301 |
296 |
286 |
|
Two adults and one or two children |
419 |
412 |
397 |
|
Two adults and three children |
488 |
480 |
463 |
|
Three adults and one child |
488 |
480 |
463 |
|
Three adults and two children |
558 |
549 |
529 |
|
Four adults |
558 |
549 |
529 |
|
Additional adults |
140 |
138 |
133 |
|
Additional children |
68 |
67 |
65 |
|
Reference |
TD 2011/4 |
TD 2010/4 |
TD 2009/6 |
Effective Life Depreciation - Income Tax Effective Life of Depreciating Assets.
Cents per km basis for FBT taxable value
Fringe benefits tax: what are 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 fringe benefits tax?
| |
TD 2011/5 |
TD 2010/5 |
| Engine capacity |
Rate per kilometre
2011-12 |
Rate per kilometre
2010-11 |
|
0 - 2500cc |
46 cents |
45 cents |
|
Over 2500cc |
55 cents |
54 cents |
|
Motorcycles |
14 cents |
14 cents |
Benchmark Interest Rate
The rate of is used to calculate the taxable value of:
- ·
- a fringe benefit provided by way of a loan; and
- ·
- a car fringe benefit where an employer chooses to value the benefit using the operating cost method
TD 2010 / 17 Car Limit - Download Here
The car limit for the 2010-11 financial year is $57,466 | |
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