FBT-free electric cars

How Does Tax Apply to Electric Cars?

Accounting, Budget, Business, Small Business, Taxation / By Jason Hargreaves

Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. The FBT exemption for electric cars If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle […]

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FBT-free Electric Cars

Announcements, Budget, Business, Small Business / By Jason Hargreaves

New legislation will make zero or low emission vehicles FBT-free. We explore who can access the concession and how Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with a 62.3% jump in new EV registrations between 2020 and 2021. Making EVs

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