Reduction in the value of a company car benefit

Your employer submits reports to the Incomes Register, including the tax value of the company car that the employer has given you as a fringe benefit. This value is automatically transferred to your pre-completed tax return. It is included in the sum total of the wage income from the employer or payor.

Here you can demand a tax deduction based on a reduced tax value of a company car. An example of a situation where the value can be adjusted downwards is that you have driven more than 30,000 kilometres in business, or that the share of your private driving with the company car has been modest.

Using MyTax to claim the deduction and to add the required information

The fringe benefit consisting of a company car is included in the pre-completed tax return, but you demand that the value should be less

If your employer has sent the tax value to the Incomes Register, you can see your company car benefit under Pay and fringe benefits in the Pre-completed income and deductions section. 

  • Select the employer's name. Your fringe benefits including the car are contained by the sum total of wage income for the year. To see the exact tax value, look up the company-car entry on your pay slip.
  • Answer Yes to Do you claim reduction in the value of the car benefit? and fill in the details as appropriate. 

The company car is missing from your wage income

If the sum total of wages shown on the pre-completed return is not inclusive of your company car benefit, follow the instructions below:

  • Go to Pay and fringe benefits. First select your employer’s name, then click on Add new wage income to add the tax value of the company car for the year. After this, you should also inform your employer/payor of the missing value, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Pre-completed income and deductions contain no information on your wages and salaries

If you have no wage amounts showing under Pre-completed income and deductions, or if there is no information on your company car, follow the instructions below:

  • Move on to Other income.
  • Select Yes for Wages, salaries, fees and compensation.
  • Select Add new payor, and then go to Amount of income to enter both your total wages and salaries and the total yearly value of your fringe benefit, the company car. Moreover, you should also inform your employer/payor of the errors, so they can send their corrections to the Incomes Register.
  • Then go to Other deductions. Select Yes for Reduction in value of car benefit. Fill in the appropriate amounts.

Further information

Submitting the information and claims on a paper form

If the company car’s value must be reduced and you make corrections on paper, submit Form 50A – Earned income and deductions.