An employer provided their employee with a luxury car under a novated lease arrangement.
Does the employer need to register for luxury car tax and collect the luxury car tax from the employee?
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Hi @mset4,
Luxury car tax (LCT) is payable by the seller or importer of the vehicle. If the employer imported the vehicle then they'll be liable to report and pay for the LCT.
You can find more information on this under Who needs to pay LCT and who can defer paying it?
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Hi @mset4,
Luxury car tax (LCT) is payable by the seller or importer of the vehicle. If the employer imported the vehicle then they'll be liable to report and pay for the LCT.
You can find more information on this under Who needs to pay LCT and who can defer paying it?
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