Private Use of Company Electric Cars

For a company car, the private use portion must be taxed. A key parameter in calculating this is the price of the vehicle. Unlike with combustion engines, for a purely electrically powered company vehicle the assessment basis for the taxable non-cash benefit can be reduced to one quarter of the gross list price. To date, however, this has been subject to the condition that the gross list price of the electric vehicle did not exceed €60,000. Under the new legislation, this threshold is to be raised to €80,000. If the gross list price of the vehicle exceeds even this threshold, only 50% of the "standard" taxable use benefit needs to be applied.