Motor Vehicles

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    FBT 2025: What you need to know

    The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the case where: Plug-in hybrid vehicles no longer FBT exempt From 1 April…

    Taxation | Fringe Benefits Tax