Salary conversion is a financing model in which an employee exchanges part of their gross salary for benefits in kind, in this case the use of a car. During the term of the car subscription, the gross salary is reduced by the subscription rate for the car. This benefit in kind is considered a taxable advantage and must be taxed. For electric vehicles, it is calculated at 0.25% (up to a gross list price of €100,000), while combustion engine vehicles are taxed at 1%.
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