FBT rates and thresholds for 2012-13
The ATO has announced important FBT rates and thresholds for the 2012–13 FBT year (which commenced on 1 April 2012).
Some of the key rates and thresholds include:
- The benchmark interest rate is 7.40% pa (down from 7.80% pa for the 2011–12 FBT year).
- The record-keeping exemption threshold is $7,642 (up from $7,391 for the 2011–12 FBT year).