Posts Tagged ‘car taxation’

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Taxi drivers are set to receive greater tax relief while private-hire car drivers will be entitled to claim tax deductions for expenses, after the Ministry of Finance (MOF) accepted public feedback on proposed amendments to the Income Tax Act.

The 4 essential tax/accounting concepts in Australian fleet management are income tax, fringe benefit tax, goods & services tax (GST) and, popular topic today, IFRS.

New Zealanders are set to pay over $1 billion more in additional fuel taxes over the next three years according to the Governments own numbers, National’s Transport spokesperson Jami-Lee Ross says.

For the first time in the country’s history, owners of luxury vehicles with engine capacities of 3 litres or more will now pay an annual tax on their vehicles.

The clock is officially ticking for Tesla buyers in the US to receive the full $7,500 federal tax credit for electric cars. Tesla delivered its 200,000th vehicle this month, the company confirmed to Jalopnik, which means a slow phase-out of the tax credit has begun.

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