Fringe Benefits Tax Amendment – 17 July 2013
7 August 2013
The Fringe Benefits Tax Amendment (DisabilityCare Australia) Act 2013 amends s6 of the Fringe Benefits Tax Act 1986 to increase the FBT rate from 46.5% to 47% for FBT years commencing on or after 1 April 2014. The amendment, which forms part of the Government's DisabilityCare Australia (National Disability Insurance Scheme) reforms, aligns the FBT rate with the increase in the Medicare levy from 1.5% to 2%.