29 Mar 07 FBT: benchmark interest rate 2007-08 - TD 2007/10This final Taxation Determination was issued on 28 March 2007. It was not previously released in draft form. Its full title is "Fringe benefits tax: what is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2007?"
The benchmark interest rate for the FBT year commencing 1 April 2007 is 8.05% per annum. This rate replaces the rate of 7.30% that has applied for the previous FBT year commencing 1 April 2006.
For a copy of TD 2007/10, go here