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by clausz
794 days ago
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When you get a company car your personal taxable income increases by 1% of the car's list price per month. Tax law assumes a 1% personal use of the car. You can avoid this tax by keeping a log book of all car rides indicating personal or business use. 1% of a $60,000 car is $7,200 per year. At a tax rate of 42% it's "several thousand Euros per year" For EVs this tax was reduced to 0.25% to further incentivise the adoption. |
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