The company car calculator offers you the possibility to calculate the imputed income as well as the net private share of a company car or company car. The calculator shows you your net wage with and without the company car share. You can choose between the calculation methods 1 % regulation, 0.5 % regulation for electric and hybrid cars or logbook and thus calculate different scenarios. More.
How the company car calculator works?
Please first select the type of calculation in the gray box on the right side of the page. You have the choice between the 1% regulation and the driver’s logbook.
1% rule
If you have chosen the 1% rule, please proceed as follows. first enter the list price of the car (gross) into the calculator. in the following fields, please indicate the simple distance in kilometers to your place of work as well as a possible deductible. This is followed by information on your gross salary. the section "tax characteristics" deals with your tax class, state, year of birth, whether you have children or a monthly allowance, as well as whether you are assessed for church tax. After that you still have to enter your pension expenses in the company car calculator. Please indicate whether you have private or statutory pension or health insurance, as well as the possible additional contribution rate. in the grey box on the right you can now select the year of taxation. The result is also shown to you there.
0,5 %-regulation
For electric and hybrid cars there is a 0.5% option. This has been valid since 1. January 2019 and works in principle like the usual 1% rule for privately used company cars. The list price of the hybrid or electric car in question is used to calculate the 0.5% rule, even if the vehicle was purchased at a lower price or as a used car. Half a percent of the respective list price must then be stated as the monthly imputed income for private use.
logbook
If you have chosen the logbook regulation, please first select the depreciation type of your company car. If you have selected "percentage", first enter the list price (gross) and the percentage depreciation per year in the calculator. Please then enter the total annual mileage of the car, as well as the private mileage. Please also enter the annual costs for car insurance, car tax, fuel and inspections/repairs. The following entries are made in the same way as for the 1 % rule. The more detailed your information is in our company car calculator, the more precisely the imputed income and the net private share of your company car will be calculated.
Definition: imputed income
The non-cash benefit describes a form of remuneration that is not paid out in cash. It is therefore a matter of remuneration in kind or benefits in kind. These benefits in kind are subject to wage tax and social security contributions. The best known type of imputed income is the company car or company car, which is provided to the employee by the employer. The monthly calculation is made either by the 1 % rule or by the logbook method.
How the 1 % rule works?
The 1% rule allows the private use value to be determined on a flat-rate basis. For the calculation, the list price of the company car and the one-way distance between home and work are required.
Example:
List price of company car: 44.290 euro
distance between home and work: 15 kilometers
1. Step: first, the list price of the company car is rounded down to a full 100 euros and one percent of this value is calculated: 44.200 euro x 1 percent = 442 euro
2. Step: now the distance between home and work is added. For this purpose, 0.03 percent of the list price (rounded down to a full 100 euros) is applied per kilometer: 44.200 euro x 0.03 percent x 15 (number of kilometers) = 198.90 euro
3. Step: the two values are then added together to form the imputed income: 442 euro + 198.90 euro = 640.90 euro. The monetary benefit of the company car is therefore 640.90 euros. This value is added to the monthly gross wage for wage calculation purposes. The pecuniary advantage of the company car can be reduced by a deductible, which may not be higher than the pecuniary advantage.
How the logbook method works?
With the logbook method, every trip made with the company car must be documented. A distinction must be made between:
- Business trips
- Private trips
- Travel between home and work
- Family home journeys
Furthermore, the actual costs incurred, such as vehicle insurance, vehicle tax, fuel and costs for inspections or repairs, must be proven. In addition, the depreciation of the company car is included in the calculation. A logbook must contain the following mandatory information in order to be recognized by the tax office:
- Date
- Mileage
- Destination
- With detours: the itinerary
- Purpose of trip
- Business partner sought out
Some car manufacturers already offer electronic logbooks in connection with a navigation system, which facilitate the creation of a logbook. But the tax office only recognizes them if subsequent manipulations are not possible or changes are visible.
Which of the two methods is right for you??
The 1% method is particularly convincing due to its simple calculation and the fact that the employee does not have to keep records of his trips. High costs can arise when the workplace is far from the home.
The logbook method is ideal if the company car is only used for a small amount of private use. However, recording the trips as well as the individual costs is time-consuming. Furthermore, there are often disputes with the tax office if certain formalities have not been observed.
Popular company cars and their costs
Company car study most popular company cars and their costs
The results of the latest company car study: the most expensive company cars are driven in the banking industry. They cost an average of 46.000 euro. In legal counseling, an average of 41.be 000 euros. Employees of social institutions and the construction industry are more modest in this respect. The cost of a company car here is 26.000 euros or. 25.000 euro. The German auto industry benefits the most from this. The most popular car brands for company cars are VW, audi, BMW and mercedes.