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Does ChangeGPS FBT support the Electric Vehicle exemption?

Electric Vehicle FBT exemption in ChangeGPS with LCT threshold and eligibility rules

Yes. ChangeGPS Fringe Benefits Tax supports the Electric Vehicle (EV) exemption that applies from FY2025 (1 April 2024 onwards). The exemption covers zero or low-emission vehicles — including fully electric vehicles, plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles — where the vehicle's base value does not exceed the luxury car tax threshold ($89,332 in FY2025). When an eligible EV is entered in the Motor Vehicle tab with the correct vehicle type and a base value at or below the threshold, ChangeGPS FBT automatically applies the exemption and removes the taxable value for that benefit. Vehicles with a base value above the luxury car tax threshold are not eligible for the exemption and are calculated using the standard statutory formula.


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