The government has submitted a bill to parliament proposing an adjustment to the standard formula used to calculate the value of car benefits. The adjustment is being made so that the benefit value better reflects the cost of owning a private car, in accordance with the intentions of the legislation.
The proposal involves changing two sub-amounts in the standard calculation. These are the price-related amount and the interest-related amount. The changes will mean that the average depreciation of cars will be reflected more accurately than is currently the case, while also taking into account the interest cost of loan financing for car purchases.
The background to the proposal is that the standard calculation currently in use often results in a benefit value that is significantly lower than the actual cost of owning the car. Undervär
The proposal is set to take effect on July 1, 2021, and applies to new company cars, meaning cars registered after the law comes into force. The adjusted car benefit calculation is also proposed to apply to cars registered abroad that are not taxable in this country. The adjustment means that the tax system favors fossil fuel-powered cars in relation to other goods and services. It also means that the tax system favors car benefits in relation to cash wages.