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).
Finn tracks your Australia deadlines
AccountsOS handles tax, filing deadlines and invoicing for Australia businesses, in plain English. Ask Finn about yours, no signup needed.
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.)
Never miss a Australia deadline
AccountsOS tracks every Australian Taxation Office (ATO) and ASIC (Australian Securities and Investments Commission) deadline and reminds you weeks ahead.
Try Free