Sources
Facts checked 17 Oct 2026. The methodology page shows how each figure is used. Anything we could not verify is labelled not verified.
| Figure | Source | Status |
|---|---|---|
| Resident tax rates 2026-27: 0 to 18,200 nil; 18,201 to 45,000 15%; 45,001 to 135,000 $4,020 + 30%; 135,001 to 190,000 $31,020 + 37%; 190,001+ $51,370 + 45% | https://www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents/ | Verified 17 Oct 2026 |
| Medicare levy 2% | https://www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents/ | Verified 17 Oct 2026 (low-income reduction: not verified) |
| FBT rate 47% (FBT years to 31 Mar 2027); gross-up type 1 2.0802, type 2 1.8868; car statutory formula 20% | https://www.ato.gov.au/tax-rates-and-codes/fringe-benefits-tax-rates-and-thresholds | Verified 17 Oct 2026 |
| EV exemption: zero/low emission, first held and used on/after 1 Jul 2022, LCT never payable; PHEVs excluded from 1 Apr 2025 unless pre-existing commitment; reportable fringe benefit | https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/electric-cars-exemption | Verified 17 Oct 2026 |
| LCT thresholds 2026-27: fuel-efficient $91,661 (2025-26 $91,387); other vehicles $80,809; LCT rate 33% | https://www.ato.gov.au/tax-rates-and-codes/luxury-car-tax-rate-and-thresholds | Verified 17 Oct 2026 (ATO) |
| Announced EV changes from 1 Apr 2027 (NOT YET LAW): ≤$75,000 100%; >$75,000 below LCT 25% discount (15%); from 1 Apr 2029 all 25%; existing leases not impacted | https://www.ato.gov.au/about-ato/new-legislation/in-detail/businesses/electric-car-discount-more-sustainable-fbt-treatment-of-electric-cars | Verified 17 Oct 2026 as an announcement |
| ATO minimum residual values, 8-year effective life (1 to 5 years: 65.63%, 56.25%, 46.88%, 37.5%, 28.13% of cost; TD 93/142 + ATO ID 2002/1004) | https://www.ato.gov.au/law/view/document?docid=TXD%2FTD93142%2FNAT%2FATO%2F00001 | Verified 17 Oct 2026 (ATO) |
| Car FBT base value: cost excl. registration and stamp duty, plus accessories, dealer delivery, GST and LCT; taxable value (A × 20% × C/D) − E; one-third reduction after 4th anniversary | https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/cars-and-fbt/taxable-value-of-a-car-fringe-benefit | Verified 17 Oct 2026 (ATO) |
| Car limit 2026-27 $69,883; maximum car GST credit generally 1/11 of the limit, $6,353 (subject to some exceptions; also applies to fuel-efficient cars) | https://www.ato.gov.au/businesses-and-organisations/small-business-newsroom/car-thresholds-from-1-july | Verified 17 Oct 2026 (ATO) |
| GST credits and the car limit when purchasing a motor vehicle | https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/in-detail/your-industry/motor-vehicle-and-transport/gst-and-motor-vehicles/purchasing-a-motor-vehicle | Verified 17 Oct 2026 (ATO) |
| Part-year leases: C = days available in the FBT year, D = days in the FBT year (365, or 366 in a leap year) | https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/fringe-benefits-tax/types-of-fringe-benefits/fbt-on-cars-other-vehicles-parking-and-tolls/cars-and-fbt/taxable-value-of-a-car-fringe-benefit | Verified 17 Oct 2026 (ATO) |
| GST credit assumption (employer claims 1/11 credits) | none | Not verified |
| Referrer fee range example ($1 to $500 or up to 30% of commission) | https://savvy.com.au/credit-guide/ | Verified 17 Oct 2026 |
General information only, not financial or tax advice.
By . Published by Abdisalan Awale, ABN 64 886 470 398 (about us). Last reviewed 17 Oct 2026 against the sources on our sources page. Not yet reviewed by a qualified third party. How we calculate: methodology.