Maintain employee company car information using this infotype.

Details maintained on this infotype provide the system with the information necessary to calculate employee contributions toward the company car and the corresponding tax implications.

The information stored on this infotype is divided into two categories:

The taxable amount is based on a percentage of the value of the car. In 1998 the percentage was 23, in 1999 the percentage is 24 and in 2000 the percentage will be 25.

The value of the car is fixed to a minimum of dkr. 160.000 and to a maximum of dkr. 450.000 (for 1999).

If the car is new or has been purchased within the first three years of the first registration, the price of the new car (a price determined by the Told- og Skatteregionerne) is the basis of calculation for the benefit value. The basis of calculation applies in the year of income (calendar year) when the car first is registered as well as the two following years of income. In the fourth and subsequent years of income, the value is reduced to 75 percent of the new car price, with a minimum value of dkr. 160.000.

 If the employer buys a new car for dkr. 288.000 on the 1 December 1998, and the employee receives the car on the 10 December 1998, the employee is taxed for the benefit value for one month (December) in 1998:

288.000 * 23% * 1/12 = 5.520 dkr.

In 1999, the employee is taxed for 24% of the benefit value for the complete year:

288.000 * 24% * 1/1 = 69.120 dkr.

In 2000, the employee is taxed for 25% of the benefit value for the complete year:

288.000 * 25% * 1/1 = 72.000 dkr.

In the year 2001, in the fourth year of income, the value of the car is reduced to 75% of the original price of the new car:

288.000 * 75% * 25 % * 1/1 = 54.000 dkr.