FBT and Benchmark Interest Rate for 2027 – Legislative Update for PeopleSoft HCM Global Payroll Australia

For the Fringe Benefits Tax (FBT) year ending 31 March 2027, the FBT rate remains unchanged from the previous year, while the benchmark interest rate has been set at 8.27% per annum..

The Position Statement has been revised to include more details about these legislative updates and the patch availability. We encourage our customers to review the position statement regularly to stay updated. The Position Statement can be found on My Oracle Support, Doc ID 2973834.1.