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Do your employees charge electric vehicles (EVs) at home?

Get up to speed with how to calculate home charging expenses for EVs.

Published 26 March 2024

We’ve issued a new guideline

Our new Practical Compliance Guideline (PCG) will help you calculate electricity costs for FBT purposes, when an electric vehicle (EV) is charged at an employee's home.

This guideline provides a shortcut method to make calculating electricity costs simpler.

Important details

  • The EV home charging rate is 4.20 cents per kilometre.
  • This applies to zero emissions electric cars only, while plug-in hybrid models are excluded.
  • To apply the guideline, employees need to have incurred an electricity expense when charging the electric vehicle at home.
  • You can use this rate for FBT reporting going back to 1 April 2022.
  • You can still choose to calculate the electricity value by determining the actual cost incurred instead of relying on the guideline.
  • You will need to keep the relevant records to support your calculations.
  • It’s important to be aware of your FBT obligations, and how this guideline may apply to you.

Check out these resources

Find out more about the new Practical Compliance Guideline (PCG) and EV exemptions for FBT purposes.

Remember, your tax professional can help you with your tax and super obligations.