Details

  • Type: Publication series
  • Date: 4/30/2014

Austria – Value of Company Car Benefit Raised 

In Austria, starting from March 1, 2014, the maximum acquisition costs for the determination of the monthly benefit-in-kind related to private/personal use of a company car have been increased to EUR 48,000.00 (from EUR 40,000.

The rise in the value of the benefit may increase the taxability of affected employees, and thus potentially raise costs related to the international assignment. Not only is the employee affected by a higher taxable benefit-in-kind, but also this impacts the employer as the gross income for employees is considered as a base for social security as well as other wage-tax related employer’s contributions.

 

Download PDF of Flash International Executive Alert:


Austria – Value of Company Car Benefit Raised