11 November 2013
Federal Government formally confirms removal of changes to FBT on cars
On 6 November 2013, the Federal Government formally confirmed its plans to abolish a number of tax law changes that have yet to be enacted through legislation, including the former government’s proposed changes to the Fringe Benefits Tax (FBT) on cars.
9 September 2013
Proposed changes to FBT on cars will not proceed
The Coalition has pledged that the proposed changes to remove the statutory formula method for calculating Fringe Benefits Tax on vehicles provided for business and/or private use of an employee announced by the former Labor Government will not proceed under a Coalition Government.