The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.
In late 2022, the Government introduced a concession that enables employers to provide some electric vehicles to employees without incurring the 47% fringe benefits tax (FBT) on private use. Be aware that from 31 March 2025, the FBT exemption will no longer apply to plug-in hybrid electric vehicles...
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