Electric Vehicles exemption from FBT – even if salary packaged

The new Government has introduced a Bill that states that employers are exempt from FBT for car fringe benefits involving cars that are eligible zero or low emissions vehicles made available to employees.

To be eligible for the exemption the value of the car at the first retail sale must be below the luxury car tax threshold for fuel efficient cars.

They claim it will cost less than $90 million a year… Salary package an electric car an you get to pay for the electricity you use to recharge the car from your pre tax income… I am sure no-one will take advantage on this (if they can actually get an electric car delivered at the moment – 12 month wait list…)

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