Electric Vehicle Exemption Fbt. What you need to know. What you need to know — the basics.
What you need to know. The fbt exemption removes the 47% fbt that would normally apply when employers provide eligible electric cars valued under $89,332 to employees for private use.
The Exemption Will Only Apply To.
Just like a petrol or diesel vehicle, you have the option to pursue a novated lease with an electric vehicle where.
We Have Summarised Our Key Takeaways For Employers This Year In Respect Of Evs Below:
Gross total income was less than $10 million;
The Bill Applies To Fringe Benefits On An Eligible Vehicle That Is First Held And Used On Or After 1 July 2022.
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If The Ev Was Purchased Before 30 June 2022 But Wasn’t Delivered By This Date, It Might Still Be Eligible For The Exemption.
Here's a brief list of current models eligible under the fbt exemption criteria:
How Will I Know If My Electric Vehicle Is Below The Lct Threshold And Is Therefore Fbt Exempt?
What you need to know — the basics.
We Have Summarised Our Key Takeaways For Employers This Year In Respect Of Evs Below: