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Australia

Australia revises FBT exemption for EVs, introduces phased discount structure

Announced on May 5, 2026, the Albanese Government will update Australia’s fringe benefits tax (FBT) exemption for electric vehicles (EVs), shifting to a phased system while maintaining support for lower running-cost cars. Existing leases remain unaffected.
In the first phase, the full exemption will remain until Marc....

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