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. From 1 April 2025, plug-in hybrid electric vehicles will no longer qualify for the FBT exemption

If there is a break or change to that commitment on or after 1 April 2025 then the exemption normally won’t be available any more.

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