Car Rental, Home or Restaurant Tickets: Save Tax with Rentals

Many companies decide to give income to their employees. they represent a lot tax savings Both for and for the worker. In the income tax return, within the income from work, there is income in kind; that which is to be used or obtained personal purpose of goods or services free of charge or at less than market value. Therefore, the company allows you to use or acquire a good for Something less money than it will cost you.

cars

When the company delivers the vehicle, the employee has to add the total value of the vehicle to his salary, so there is no charge in this case. Nobody tax benefits. However, in the use case, the taxpayer pays taxes only for 20% per annum of the acquisition cost that the payer owes, a percentage that is increased up to 30% In the case of vehicles considered energy efficient.

As a result, for example, if a company’s cost is on rent of a car 50,000 euros a year, the employee will contribute only 10,000 euros to his income statement, a lack Meaningful.

A place to live

Tax benefits from living in a company-owned home more profitable Income in kind. When the employer provides his home to the employee, the employee has to declare only for personal income tax 5% of the tax value of the asset, or 10% in the event that the value has not been reviewed in the last 10 years.

In addition, the cadastral value cannot be overcome market value, and is generally around half that. Therefore, if the employee lives in company-owned property that has a market value of 400.000 Euros, but the tax value of €200,000, the employee pays for this income 10,000 Euro per yearA price that in most cases will be cheaper than the annual rent for the same house.

‘Ticket’ Restaurant

food stamp help non monetary -and hence a type of income- which is exempt from paying personal income tax. However, for this to happen a series of requirements must be met. amount cannot exceed the amount 11 euro per day (If it’s more, you’ll have to pay for the extra), they must be numbered, and the issuing company must be visible on them.

Similarly, the existing rules state that Ticket Can only be employed in the restaurant HostelThey can’t be dispatched—so they must have the employee’s name to avoid a sale—and their value. it is not cumulative one day to another. Similarly, they are only usable during working days.