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Bicycle allowance and company bicycle
Since recently, some positive steps have been taken with regard to a fiscally optimal mobility budget.
For bicycles, the following new rules are applicable:
For bicycles, the following new rules are applicable:
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the fiscally exempted bicycle allowance for trips between the place of residence and place of work has been increased from 0.15 to 0.20 EUR/km, starting from 1 January 2009. The employer is not required to pay social dues on this. The limitation of the daily maximum to 200 km no longer applies.
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from 1 January 2009, an employee no longer pays a fiscal benefit when he gets a company bicycle from his employer for the transport between his place of residence and place of work. In addition, he may also use the bicycle for private purposes. The tax-free benefit furthermore covers the accessories, and the costs of maintenance and storage.
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in addition to the free provision of a company bicycle, the employer may also allocate a tax-free bicycle allowance ‘in cumul’. According to the explanatory statement, this additional allowance is a compensation for additional costs, e.g. clothing-related costs.
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the costs that an employer pays in order to encourage the use of bicycles for transport between one's home and work may be fiscally deducted on a 120% basis. This increased deduction rate of 120% is in line with the deduction related to the costs the employer bears in the context of group transport of personnel. The increased deduction is valid for costs that have occurred since 1 January 2009. It covers the following costs:
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construction or acquisition costs of bicycle storage facilities;
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costs related to changing rooms, sanitary facilities and showers for the personnel that come to work by bicycle;
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costs of purchasing a bicycle, including the costs of accessories, maintenance and repairs. Bicycles must be written off on a linear basis, over a period of three years.
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The 120% deduction runs parallel with the costs that the employer bears in the context of grouptransport of personnel.
(Source: Netto)