Tag: PHEV

14
Nov

November Newsletter – FBT on plug-in hybrid electric vehicles

From 1 April 2025, a plug-in hybrid electric vehicle (‘PHEV’) will not be considered a zero or low emissions vehicle under fringe benefits tax (‘FBT’) law and will not be eligible for the electric car FBT exemption.  However, an employer can continue to apply the electric car exemption if: use of the PHEV was exempt from FBT before 1 April

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