Electric cars becoming FBT free from 1 July 2022?

Electric cars becoming FBT free from 1 July 2022?
Draft legislation (Treasury Laws Amendment (Electric Car Discount) Bill 2022) has been introduced to Parliament by the Federal Government which has followed through with their election commitment to allow certain electric cars to be exempt from Fringe Benefits Tax (FBT).

While it’s important to note the legislation is not yet passed as law, it presents a new key tax planning consideration for both employers and employees to save tax and provide an opportunity for employers to increase their attractiveness as an employer.

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