It’s simple: to calculate the imputed income according to the 1% method, the list price of the vehicle at the time of initial registration is decisive.
How to correctly determine the gross list price of your company car
Attention: list price including sales tax applies here. Do not forget.
But the tax authorities have laid another egg for you. For the tax calculation, the gross list price including optional equipment at the time of first registration is always taken into account.
- So not the price you paid for your car!
Get the original price confirmed .
So, in order to be able to determine the applicable gross list price for the 1-% method, have the manufacturer confirm the original price in writing. This is the only way to be on the safe side in the event of a company audit. After all, hardly any cars are sold at the actual list price.
. Or calculate them by hand
Or maybe you didn’t buy your car through an authorized dealer. Then you should obtain the price lists applicable to your car and determine the price yourself on the basis of the equipment variants.
This applies to the extras of the company car:
Leave out these extras:
- Car phone
- Hands-free system
- Transfer costs
- Winter tires with rims (in addition to normal tires)
- Registration costs
Include these extras in the gross list price:
- ABS
- Airbag
- Trailer hitch
- Car radio
- Anti-theft device
- Electronic logbook
- Fire extinguisher
- Gas drive
- Catalytic converter
- Air conditioning
- value added tax
- Navigation system
- discount
- Parking heater
And this is how you calculate the pecuniary advantage
Once you have added everything up, you round off the gross list price of your company car to an even 100 €.
The pecuniary advantage is then
- For the pure private journeys 1% monthly,
- For journeys between home and regular place of work, an additional 0.03 % per month per distance kilometer and
- For taxable trips to the family home in the context of double household management, an additional 0.002 % per trip and distance kilometer is charged.
But the 1% method is not always the better option for taxing your company cars. In practice, you have two methods at your disposal: the 1% rule and the logbook. Download the free guide "taxation of company cars" now download and benefit from a direct comparison of the two methods – including an example calculation. How to always choose the right method and secure the imputed income benefit!
Whether it is a question of correct and favorable accounting of your travel expenses, depreciation and taxation of your company car, the correct procedure for keeping a driver’s logbook or other business assets used for business purposes. Now you can get the latest and most important tips free of charge.
16.11.21 – may a company car be used during maternity and parental leave?? How do employers deal with the imputed income?? On these and other.. read article
07.10.21 – documenting all car trips, routes, trip reasons and all trip data in writing sounds complicated at first and.. read article
17.11.20 – if you have an electric car as part of your company assets, there are a few special points to consider. After all, if you’re using your vehicle’s batteries in the.. read article
30.09.20 | gerhard schneider – oil refilled? Tires changed? Repairs and inspections performed? Have you really deducted all the costs related to your.. read article
05.06.20 | gerhard schneider – have you ever thought about selling one of your company cars?? To save costs or because you increasingly use public transportation… read article