The tax rules for company cars are changing again. This means that 90,000 drivers are facing an extra bill. "Træls" says the accounting giant.
For around 90,000 Danish drivers with company cars, the month of January has become synonymous with an annual extra bill. But now the recurring adjustments to the tax base for company cars are over.
Since 2021, companies have had to make an annual adjustment to the tax base for company cars as a result of an agreement aimed at getting 1 million green cars on the roads by 2030. This adjustment has meant that the taxable value of company cars has changed every year in January.
– It's a tough January task, says the accounting firm BDO, which estimates that approximately 29,000 employers have been affected by the rules.
This is what Ekstra Bladet writes.
The rules mean that the taxable part of the car's new value up to DKK 300,000 has been gradually reduced, while the value above this amount has been increased.
The consequence is that owners of company cars with a new value of over DKK 300,000 have experienced an increase in the taxable value and thus an additional bill in the form of increased tax.
An example from BDO illustrates what the bill looks like:
A company car with a new value of DKK 450,000, where the owner tax increases from DKK 3,700 to DKK 4,000 per year, will experience an increased taxable value of approximately DKK 5,000. For a top taxpayer, this will result in an additional bill of approximately DKK 2,800.
– If you drive in even more expensive cars, it will obviously be even more expensive, notes BDO.
Company car taxation is not the only thing increasing in Denmark. At least not when it has to do with cars.
Both petrol and diesel car owners have had to pay even more in taxes on the fuel they put in their cars since January 1. New EU quotas also mean that fuel is set to become even more expensive towards 2030. Read more about it here .
