Thinking of introducing or increasing your electric vehicle fleet? Now could be the time to save on Fringe Benefits Tax (FBT).
The Government has passed the Treasury Laws Amendment (Electric Car Discount) Bill 20221 to exempt (non-luxury) electric vehicles from Fringe Benefits Tax.
The exemption applies to:
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What does this mean?
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While we provide leasing, we do not provide financial advice. Businesses or employees should seek financial or tax advice as everybody’s circumstances are different.
For those customers currently enjoying the ORIX Novated Leasing Product or interested in utilising this for their staff, there are marketing materials you can share with your employees on your intranet to help them explore taking advantage of the savings. Please contact marketing@orix.com.au for more information.
You can find more details on FBT exemption here. To learn more about how this exemption on FBT could benefit, talk to your ORIX Relationship Manager today.
For anything else, you can contact us on:
Novated Leasing – 1300 363 993 | Fleet – 1300 652 886
This email is produced by ORIX Australia Corporation Limited, ABN 79 002 992 681. It is intended to provide general information about our products and services. This information is correct at the time of publication but may change without notice. The contents do not constitute financial or taxation advice and should not be relied upon as such. The calculations use a number of assumptions (including that the employee has no other existing salary packaged item) to provide an estimate of the Novated Lease cost and the potential savings from entering into such a lease which are set out in ORIX’s Terms & Conditions found at www.orix.com.au. * Conditions and charges apply for all optional extras. These are estimated maximum percentage savings to be used as a guide only and will vary according to each specific employee Novated Lease. Fleet discounts will depend on vehicle and product type and can change without notice. November 2022.
