Tax calculator

If you use a company car owned or leased by your employer, the benefit is normally considered salary income and you have to pay tax on the benefit.

The benefit subject to withholding tax related to private use of company car is calculated at:

The same rate is used when assessing the benefit subject to withholding tax in the tax return. The basis for the calculation above is normally 100 percent of the car’s list price as new, with some exceptions.

* The tax calculator does not take into account proposed changes to the State Budget for 2023 as it has not been finally approved.

Exceptions
The calculation is based on:
If the car is older than 3 years as of 1 January of the income year
75 percent of the car's list price as new
If you can document that car is used for work in excess of 40,000 km in the income year
75 percent of the car's list price as new
Electric cars
60 percent of the car's list price as new
In cases combining a car that is over 3 years old as of 1 January of the income year and use of this car for work in excess of 40,000 km in the income year
56.25 percent of the car's list price as new
In cases combining a car that is over 3 years old as of 1 January of the income year and an electric car
45 percent of the car's list price as new
In cases of a company car scheme for part of the income year, the benefit taxation will be proportional to the number of whole and commenced months during which the car was available.