21 May (paper). 25 June if lodged electronically. Tax agents: typically 25 June.
FBT Return
Annual Fringe Benefits Tax return covering the FBT year (1 April – 31 March). FBT rate is 47%. Due 21 May (paper) or 25 June (lodging electronically as standalone).
Who this applies to
- Employers providing fringe benefits (cars, entertainment, loans, housing, etc.)
- Including Pty Ltds providing benefits to director-employees
What to file
FBT return form with grossed-up taxable values for each benefit category and FBT calculation at 47%.
How to file
Via ATO Online Services or through a tax agent.
Payment due
Same date as the return. Quarterly FBT instalments via BAS reduce year-end balance.
Penalties for missing this deadline
FTL penalty up to 5 units. GIC on unpaid FBT.
Filing checklist
- Identify all fringe benefits provided 1 April – 31 March
- Calculate taxable value (statutory or operating cost for cars, etc.)
- Gross up at Type 1 (2.0802) or Type 2 (1.8868)
- Apply 47% FBT rate
- Reduce by FBT instalments paid via BAS
- Lodge by 21 May / 25 June
Common mistakes to avoid
- Forgetting that the FBT year is 1 April – 31 March (not 1 July – 30 June)
- Missing employee contributions (reduce taxable value)
- Not applying the minor benefits exemption (under A$300, infrequent)
- Missing exempt items (work-related portable electronic devices, etc.)
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