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Sharing economy reporting system to be implemented
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Sharing economy reporting system to be implemented

Operators of sharing economy platforms will be required to report transactional information to the ATO from 1 July 2023. If you are operating in these platforms, make sure your information comes to us when we complete your tax return.

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Electric vehicles to be exempt from FBT
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Electric vehicles to be exempt from FBT

From 1 July 2022, new electric vehicles under the luxury car limit will be exempt from fringe benefits tax. This means that an electric vehicle under $84,916 can be salary packaged for a substantial tax benefit.

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