Do I (company) have to complete FBT return for electric vehicle that meets FBT exemption?
If so, do i record $0 for calculated fringe benefit amount and complete Details of fringe benefits provided for the electric car?
I understand that FBT will apply to employees and is reported through STP.
Hi @dchois,
No, you don't need to lodge an FBT return if the electric vehicle meets all the eligibility conditions for the FBT exemption. The exemption applies to eligible electric cars that meet specific criteria, and where this exemption applies, there's no FBT liability to pay or return to lodge for that benefit.
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