Goods & Service Tax (GST) 4 August 2026
FBT Changes 2026-2027
The FBT rate for company vehicles has increased to 10.35 per cent GST-inclusive or 11.90 per cent GST-exclusive where the investment boost has been claimed, these rates apply quarterly, the changes are set to impact businesses and individuals with company vehicles, the new rates are in effect for 2026 and further changes are expected in 2027
The Fringe Benefit Tax (FBT) rate for company vehicles has been updated for 2026. Key points to note include:
- Quarterly FBT rate of 10.35 per cent (GST-inclusive) or 11.90 per cent (GST-exclusive)
- These higher rates only apply where the investment boost has been claimed
- The changes are set to impact businesses and individuals with company vehicles
- Further changes are expected to come into effect in 2027, it's essential to stay informed about these updates to ensure compliance and plan accordingly.
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