Zenegy's company car module
When you are given a company car, there are a number of things both the company and the employee need to be aware of, including the environmental surcharge and taxation. If an employee is given a company car, the company can register this in Zenegy's company car module. Zenegy makes it easy and clear, as we automatically fetch all the relevant information from the motor register and calculate the taxable basis every month.
From 1 July 2021, the law on taxing a company car available for private use changes, and this brings a number of changes you need to be aware of.
What is changing
One of the changes that take effect on 1 July is that the current rates of 25% and 20% used to calculate the taxable value, based on the car's calculation basis being under or over DKK 300,000 respectively, will change every year until 2025. This means that the 25% rate for taxing a company car available for private use, if the car's calculation basis is under DKK 300,000, will be reduced by 0.5% a year from 2021, and the 20% rate, if the car's calculation basis is over DKK 300,000, will be increased by 0.5% a year from 2021. This means that from 2025 there will be one common rate of 22.5%.
Environmental surcharge
On 1 July 2021, the rate used to calculate the environmental surcharge changes from the current 150% to 250%. Until 2025 this rate will rise year by year, ending at 700% in 2025. The environmental surcharge will rise for all types of car and is calculated from the green owner tax.
The charging station
If a charging station is to be installed at the employee's private home, the value of the charging station and the fee for installing it will be exempt from tax from 1 July 2021. Once the employee has had access to, and been taxed on, a company car available for private use for at least 6 months, the company can transfer the charging station to the employee tax-free.
It all happens automatically with Zenegy
You need to be aware of the new tax rules as early as the July payroll. With Zenegy, though, you don't have to worry about all the changes. Zenegy makes sure all the information is always up to date, so all the changes that come with these new rules will happen completely automatically.
