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There are only two calculation rates of fringe benefit tax, currently set at 63.93% and 49.25%; however, there are four options that determine which rates(s) apply, which are governed by whether the benefit can be attributed to a particular employee (see 4.8.1) and the FBT filing frequency (see 1.2.5), as follows:

1. Ìý

   •ÌýÌýÌýÌý single rate

2. Ìý

   •ÌýÌýÌýÌý short form alternate rate

3. Ìý

   •ÌýÌýÌýÌý full alternate rate

4. Ìý

   •ÌýÌýÌýÌý pooled alternate rate

Employers filing quarterly may choose either the single or the alternate rate when filing quarters one to three (June, September and December). For filing relevant to the fourth quarter (March), if:

1. Ìý

   •ÌýÌýÌýÌý the alternate rate was used for the previous three quarters, then this must also be used for the further quarter

2. Ìý

   •ÌýÌýÌýÌý the single rate was only used for the previous three quarters, then employers may choose either rate in the fourth quarter

Employers filing annually or by income year may choose either the single or the alternate rate.

Further complexity is added where an employer chooses the alternate