FBT Cents Per Kilometre For Vehicle Other Than A Car

Taxation Ruling MT 2034 outlines one method of valuing the right to use an employer’s motor vehicle other than a car is to multiply the number of private kilometres travelled by employees in a vehicle during a year by a cents per kilometre rate.

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2020 are as follows:

Reference: Taxation Determination TD 2020/3

Reference: Taxation Determination TD 2019/3

Reference: Taxation Determination TD 2018/4

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2017 are as follows:

Reference: Taxation Determination TD 2017/4

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2016 are as follows:

Reference: Taxation Determination TD 2016/3

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2015 are as follows:

Reference: Taxation Determination TD 2015/6

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2014 are as follows:

Reference: Taxation Determination TD 2014/6

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2013 are as follows:

Reference: Taxation Determination TD 2013/7

The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2012 are as follows:

Reference: Taxation Determination TD 2012/6

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This page was last modified 2020-03-25