On 9 January 2020 the principal tax authorities of the Federal States issued a decree on the monthly average value for income tax purposes of the benefit-in-kind received by employees for the provision of electric bicycles by their employer. Continue reading
Tax & Legal
The finance ministry has brought its decrees on subsidised staff loans and on the flat rate taxation of benefits in kind available to employees generally up to date in line with recent court decisions. There are no major changes in substance.
The finance ministry has instructed tax offices to follow the Supreme Tax Court in allowing employees to value their benefit from subsidised staff purchases under the general rules for benefits in kind, if more favourable. Continue reading