Do I Pay GST on A Salary Packaged Car?
Do I Pay GST on a Salary Packaged Car?
The simple answer is NO !
The leasing company pays the dealership the GST included in the purchase. They then claim the total GST amount back from the ATO. So the amount you finance for the lease does not include the GST amount.
Then the payments on the lease include GST however these are claimed by your employer and the tax saving are passed back to you. This is an ATO guideline used by all Salary Packaging companies.
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To find out more information or to get a quote on Salary Packaging your next car please call us on 1300 990 880 or use our online calculator.