fringe benefits tax

Remove the Fringe Benefits Tax on entertainment expenses provided to staff

Summary of proposal

The proposal would remove the Fringe Benefits Tax (FBT) on entertainment expenses (including meals) provided to staff.

Policy start date of 1 July 2025.

Remove the Fringe Benefits Tax on entertainment expenses provided to staff

Summary of proposal

The proposal would remove the Fringe Benefits Tax (FBT) on entertainment expenses (including meals) provided to staff.

Policy start date of 1 July 2025.

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Tax

Summary of proposal

This proposal has three options.

Option 1: Personal income tax, company tax, and excise and customs duty

This option has three components:

Introduce a 35 per cent minimum tax rate on incomes above $300,000 and make the deficit levy permanent (PER618)

Summary of proposal

The proposal has two components:

Budget repair levy (PER422)

Summary of proposal

This proposal would reinstate the budget repair levy at 2 per cent for taxable incomes greater than $180,000 for a period of four years.

The proposal would take effect from 1 July 2019 and expire on 1 July 2023.

The fringe benefits tax rate would also increase to 49 per cent from 1 April 2019 and would be reduced to 47 per cent on 1 April 2023.