Electric Vehicles

The word Budget appears over a collage of $100 Australian notes laid atop a $5 Australian note depicting Parliament House in Canberra

Budget 2023/24

As you would all be aware, the Federal and WA governments handed down their latest budgets last week. As such, we’ve brought together a list of the tax measures we expect will affect you. Individuals Businesses Jody’s up for an award! It’s with great pleasure that we announce Jody is an AccountantsDaily 2023 Australian Accounting…

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Cropped image of an electric vehicle being recharged in front of a variegated green "bokeh" background

FBT Exemption on Electric Vehicles

Thinking about buying a new car? Just in time for Christmas, the Federal Government has passed the Treasury Laws Amendment (Electric Car Discount) Act 2022, making no- and low-emission vehicles exempt from Fringe Benefits Tax (FBT) and a 5% import tariff.  Ordinarily, Fringe Benefits Tax of 47% applies to cars provided through work for private use…

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