Preparing for Change: The Phase-Out of PHEVs from FBT Exemption
In recent discussions, it has become clear that businesses in Australia must prepare for the upcoming phase-out of plug-in hybrid electric vehicles (PHEVs) from the Fringe Benefits Tax (FBT) exemption. As accounting professionals, we understand that this change could significantly impact your financial strategies and vehicle management policies. Here’s what you need to know. Understanding…
