2nd July, 2019 · Industry News

BDO – Automotive Tax Planning Kit

1 minute to read

With the end of the financial year upon us, BDO’s Automotive team have prepared a checklist of key tax planning initiatives for you and your dealership to consider.

BDO’S 2019 Automotive Tax Planning report covers a range of traditional motor industry tax considerations such as vehicle valuations, as well as broader tax matters such as franking credits, superannuation and depreciation deductions.

This update may also prompt you to think about your dealership’s company tax rate, particularly for entities that fit the base rate entity definition (aggregated annual turnover of less than $50 million) and are subject to a company tax rate of 27.5% for the 2019 financial year.